Daily Market Bite 10/12/14: Dollar Dips Slightly Against the Yen After Reaching New 7-Year High
December 10, 2014 9:49 am
Asian shares, the Dollar and oil prices all slumped on Wednesday, pulling back as global growth concerns and political uncertainty in Greece prompted a flight to safety. Brent crude slipped about 0.8% to $66.29 a barrel, though it pared losses and remained well above a five-year low of $65.29 touched on Tuesday. U.S. crude futures were down 1% at $63.18.
Asian shares, the Dollar and oil prices all slumped on Wednesday, pulling back as global growth concerns and political uncertainty in Greece prompted a flight to safety. Brent crude slipped about 0.8% to $66.29 a barrel, though it pared losses and remained well above a five-year low of $65.29 touched on Tuesday. U.S. crude futures were down 1% at $63.18.
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