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Yen climbs as risk appetite sours on oil output freeze
Published Tue, Feb 16, 2016 · 09:50 PM
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London
THE yen bounced back against the US dollar on Tuesday, as a modest recovery in risk appetite fizzled after top oil producers Saudi Arabia and Russia agreed to freeze - but not cut - output.
The US dollar had gained over one per cent against the safe-haven Japanese currency on Monday, and more than 3 per cent since hitting a 1…
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