Yen and Dollar drop as U.S. House launches bill to prevent fiscal cliff

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Source: Bloomberg
The Yen and greenback debased versus most peers after U.S. policymakers introduced legislation to prevent "fiscal cliff" of tax increases and automatic spending cuts, decreasing demand for refuge assets. The Yen fell to 87.27 per greenback, the weakest since July 2010, and it dropped to 115.82 per Euro, the lowest since July 2011, while the greenback stood at $1.3272 versus the shared currency.
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Wed, 02 Jan 2013 12:51:50 GMT

Taiwan Dollar advances to the most in seven weeks amid U.S. budget optimism

Taiwan's Dollar soared to the highest in seven weeks as the U.S. Congress launched a budget bill which may prevent $600 billion in tax increases and spending cuts. The currency climbed 0.4% to NT$29.014 versus the greenback, after touching NT$29.005, the highest point since November. The Taiwan Dollar strengthened 4% in previous year as overseas investors increased their holdings of

Wed, 02 Jan 2013 13:35:52 GMT

Gold recovers to the highest in two weeks after U.S. Congress introduces budget bill

Gold sored to the highest in two weeks, advancing with other commodities after the greenback debased, as U.S. policymakers launched legislation preventing increase of income-tax for majority of workers, easing anxiety that a recovery of the U.S. economy might be stopped. Spot gold climbed to $1,684.75 an ounce, the most since December 18, as well as silver, platinum and palladium

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