Friday, August 17, 2007 6:25 pm | 
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Dollar tumbles against yen as investors unwind carry trades
The dollar tumbled against the yen Thursday, but notched up gains against the euro and the British pound as investors unwound risky “carry trades” that had previously depressed the Japanese currency.
[AFP]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
