Yen falls to 7-month record low against greenback

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Source: Bloomberg
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Japanese Yen depreciated to seven-month record low against the US Dollar on Thursday Asian trade after US reported its existing home sales reached two-year record high, fuelling hopes for further nation's recovery. Japanese currency weakened 0.7% against its US peer to JPY 80.29 and dropped 0.8% against the Euro to JPY 106.38. Currently USD/JPY is trading at JPY 80.19 and EUR/JPY is trading at JPY 106.35.
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Thu, 23 Feb 2012 08:23:45 GMT

Aussie and Kiwi little changed on Thursday

New Zealand and Australian Dollars traded close to flat on Thursday as Asian stock markets showed relatively weak performance. Aussie climbed 0.1% against its US counterpart to USD 1.0646 while Kiwi traded flat at USD 0.8295. Currently AUD/USD is trading at USD 1.0665 and NZD/USD is trading at USD 0.8325.

Thu, 23 Feb 2012 07:33:32 GMT

Shanghai will stick to property curbs

Shanghai will maintain its property curbs despite Chinese government's decision to ease borrowing restrictions to allow more people to purchase second homes. Local government of Shanghai is not planning to ease home buying restrictions, confirmed Liu Haisheng, the head of Shanghai housing authority. 

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