Thursday, January 21, 2010

Dollar, Yen Decline on Speculation Recent Gains Were Excessive

Jan. 21 (Bloomberg) -- The dollar and the yen declined on speculation the five-day rally in the two currencies against the euro was excessive.

The dollar weakened to $1.4127 per euro as of 10:38 a.m. in Tokyo from $1.4106 in New York yesterday. The yen fell to 129.07 per euro from 128.68. The dollar traded at 91.36 yen from 91.24.

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