Yen Weakens, Stocks Erase Gains as S&P Cuts Japan Debt Rating

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Greece Asia
Image by Ian W Scott

Yen Weakens, Stocks Erase Gains as S&P Cuts Japan Debt Rating
The yen weakened and the dollar rose while stocks and U.S. index futures erased gains after Standard & Poor’s downgraded Japan’s debt. Egyptian shares tumbled the most since 2008 and oil declined.
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Greece Asia
Image by Ian W Scott