Stocks retreat, as yen hits 20-year dollar low | The Guardian Nigeria News - Nigeria and World News

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Major stock markets mostly retreated Tuesday, while the yen struck a fresh 20-year low against the dollar.

A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration

“The BoJ stands out among its global peers in not tightening policy, which is leading to a widening interest rate differential as other central banks continue hiking,” noted Deutsche Bank analyst Jim Reid. The pound — seen as a better indicator of UK economic health and political stability — dropped versus the dollar and euro.

 

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