Yen drops third day as Chinese GDP growth beat forecast

Source: Bloomberg
© Scanpix/RS
The Yen fell for a third day against the Dollar due to the significant growth of Chinese economy that exceeded analysts' forecasts. The Yen dropped almost against all 16 of its major peers and weakened 0.7% to 118.37 versus the Dollar at 10:10 a.m. in London. However, the Euro strengthened 0.5% to 137.16 against the Japan's currency.
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