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المدينة
Eileen sees largest weekly drop
The Japanese yen experienced its largest weekly decline in three months, dropping around 1% to reach 159.43 against the dollar, approaching the 160 level which may prompt Japanese authorities to intervene again in the currency market. The yen also saw its biggest weekly decline against the euro since April. Meanwhile, major other currencies remained steady against the dollar amid a balance between rising oil prices and geopolitical tensions, along with a decrease in expectations for U.S. interest rate hikes following employment and inflation data.
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