Yen Declines as Volatility Drops to 3-Year Low;
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Posted On: 02/25/2012 12:45:10 AM
Yen Declines as Volatility Drops to 3-Year Low; Euro Strengthens
The yen fell to a three-month low against the euro as foreign-exchange volatility declined to its lowest level since August 2008 and signs of global growth prompted demand for higher-yielding currencies.
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