Dollar, Yen Gain Amid U.S. Fiscal Cliff, Europe Concern
The dollar and yen remained stronger against most major peers as investors sought safety amid concern re-elected President Barack Obama and the U.S. Congress will struggle to avert the so-called fiscal cliff.
The greenback remained weaker against the Japanese currency after Obama’s victory over Republican challenger Mitt Romney boosted expectations the Federal Reserve will maintain monetary stimulus. The euro traded near a two month-low ahead of a European Central Bank meeting today after President Mario Draghi said Europe’s debt crisis is affecting
“The biggest focus of the market as we head into year-end will be the fiscal cliff in the
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