Tuesday, March 29, 2011

One Dollar Equals- Part 11


10 Facebook Credits

80 Japanese Yen

The Yen took center stage in the news recently when it rose to a record high on March 26. Within hours, the FT reported, the Yen settled near 80 again, as central banks from the G7 joined hands to weaken the currency. A strong currency would have made imports more affordable for the Japanese -- at the cost of raising the price of their exports.

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