02-02-2015 00:12 via news.yahoo.com

FOREX-Yen firms, Aussie slips on China growth worries

The yen firmed broadly early on Monday, while commodity currencies softened as worries about the health of the Chinese economy dealt a fresh blow to sentiment already unsettled by a selloff on Wall Street. The euro reached a one-week trough of 132.00 yen, while the Australian dollar plumbed an 11-month low of 90.64 yen. Yen demand was sustained by a report on Sunday showing activity in China's factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January. "The weaker Chi
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