iBankCoin
Joined Nov 11, 2007
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The Dollar Falls Against the Yen for a Second Day

“U.S. stock-index futures fell and the dollar weakened against the yen for a second day before a report on consumer confidence and a Federal Reserve two-day meeting. European stocks were little changed and India’s rupee rebounded from a one-week low.

Standard & Poor’s 500 Index futures lost 0.4 percent at 7:15 a.m. in New York. The Stoxx Europe 600 Index slipped less than 0.1 percent. The dollar declined 0.4 percent versus the yen. The yield on 10-year Treasuries fell one basis point after yesterday rising above 2 percent for the first time since April. India’s rupee strengthened for the first time in three days against the U.S. currency as the central bank took steps to shore up the economy….”

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