Safe haven yen falls on expectations of China stimulus
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London
THE safe-haven yen fell on Tuesday on relief that China's fourth-quarter economic growth had matched forecasts and as expectations of further monetary easing there boosted risk appetite.
China's GDP grew 6.8 per cent in October to December from a year earlier - as forecast, but the weakest quarterly growth since 2009 - while industrial output and retail sales in December slightly missed forecasts.
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