Yen hits 17-mth high as forex traders avoid risk

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NEW YORK: The yen pushed to an 17-month high against the dollar Tuesday as investors sought refuge in equity selloffs and warnings on weak global growth from the IMF. The yen breached the 110 barrier before slipping back to 110.28 per dollar, a level last seen at the end of October 2014. It also rose to 125.55 per euro, compared to the March high of 122.07. The British pound meanwhile slipped back against the dollar, to $1.4156.

AFP

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