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CURRENCIES

Yen hits 7-year low as Abe seeks new mandate

Monday, November 24, 2014 - 05:50
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THE yen slid to its lowest level in seven years versus the US dollar last week, after Japan's Prime Minister Shinzo Abe called early elections seeking to renew his mandate for economic stimulus as the nation entered a recession.

New York

THE yen slid to its lowest level in seven years versus the US dollar last week, after Japan's Prime Minister Shinzo Abe called early elections seeking to renew his mandate for economic stimulus as the nation entered a recession.

The 18-nation euro declined versus most of