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October 31: A glimpse through the lense

  • October 31: A glimpse through the lense

    October 31: A glimpse through the lense

  • <b><p>Canadian (L) and Austrian (R) gold coins are seen in New York September 15, 2011.</b>
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Gold fell by more than 1% on Monday, following its best weekly performance in a month, after Japan&#39;s intervention in the currency market triggered a spike in the dollar, which was already benefiting from ongoing concern about the euro zone.
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Japan intervened unilaterally in the foreign exchange market on Monday to curb the yen&#39;s strength, sending the dollar up more than 1% against a basket of currencies.
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A stronger US currency makes dollar-denominated commodities more expensive for non-US buyers, pushing down the price of silver, copper and crude oil.
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    Canadian (L) and Austrian (R) gold coins are seen in New York September 15, 2011.

    Gold fell by more than 1% on Monday, following its best weekly performance in a month, after Japan's intervention in the currency market triggered a spike in the dollar, which was already benefiting from ongoing concern about the euro zone. Japan intervened unilaterally in the foreign exchange market on Monday to curb the yen's strength, sending the dollar up more than 1% against a basket of currencies. A stronger US currency makes dollar-denominated commodities more expensive for non-US buyers, pushing down the price of silver, copper and crude oil.

  • <b><p>A graph displays the movement of the Japanese yen&#39;s exchange rate against the US dollar at a dealing room in Tokyo.</b>
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Japan sold the yen for the second time in less than three months after it hit another record high against the dollar on Monday, saying it intervened to counter excessive speculation that was hurting the world&#39;s No. 3 economy.
</p><p>
The intervention vaulted the dollar more than 4% higher, which would mark its biggest one-day gain in three years, and Finance Minister Jun Azumi said Tokyo would continue to step into the market until it was satisfied with the results.
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    A graph displays the movement of the Japanese yen's exchange rate against the US dollar at a dealing room in Tokyo.

    Japan sold the yen for the second time in less than three months after it hit another record high against the dollar on Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.

    The intervention vaulted the dollar more than 4% higher, which would mark its biggest one-day gain in three years, and Finance Minister Jun Azumi said Tokyo would continue to step into the market until it was satisfied with the results.

  • <b><p>Logo of the Honda Motor is seen through car doors at the company showroom in Tokyo.</b>
</p><p>
Honda Motor Co withdrew its annual earnings guidance in an unusual move on Monday due to uncertainty surrounding currency markets and Thailand&#39;s floods just as it was starting to recover from the March earthquake and tsunami.
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Among Japanese automakers, Honda has been hit the hardest by both disasters this year, recovering slowly from the supply disruption in northeast Japan and suffering direct damage at its Thai car factory in the Ayutthaya industrial estate.
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The maker of the popular Civic and Accord models had been preparing to ramp up overall car production to 125% of pre-quake plans in the October-March second half to build up inventory that had fallen after the March 11 disasters at home.
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    Logo of the Honda Motor is seen through car doors at the company showroom in Tokyo.

    Honda Motor Co withdrew its annual earnings guidance in an unusual move on Monday due to uncertainty surrounding currency markets and Thailand's floods just as it was starting to recover from the March earthquake and tsunami.

    Among Japanese automakers, Honda has been hit the hardest by both disasters this year, recovering slowly from the supply disruption in northeast Japan and suffering direct damage at its Thai car factory in the Ayutthaya industrial estate.

    The maker of the popular Civic and Accord models had been preparing to ramp up overall car production to 125% of pre-quake plans in the October-March second half to build up inventory that had fallen after the March 11 disasters at home.

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