Dollar hovers near 100 yen on improvement in U.S. economy

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Source: Bloomberg
© Scanpix/Reuters
The U.S. Dollar hovered around 100 yen on speculation signs of economic improvement in the U.S. will urge the Fed to scale back its bond-buying programme this month. The Dollar rose to a six-week high versus the Euro ahead of private U.S. reports, which are expected to show employment rose and the service sector expanded. The greenback reached 99.98 yen, the highest since July 25, and advanced 0.3% to $1.3174 per Euro. 
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Thu, 05 Sep 2013 08:18:03 GMT

EUR/USD lower ahead of ECB conference

The single currency lost 0.3% against the U.S. Dollar in morning session ahead of the key policy meeting, where European authorities are expected to keep monetary policy unchanged. The EUR/USD pair hit 1.3163, the session low, amid concerns Draghi's dovish comments may spark a fresh selloff of the most traded currency pair.

Thu, 05 Sep 2013 07:56:06 GMT

BoJ maintains stimulus programme

Japanese policymakers introduced no adjustments to the current levels of the stimulus programme, pledging to inject 60-70 trillion Yen per year. The Bank of Japan also said the economy is on the right track, supported by a pickup in exports and increased inflows of investment. Meanwhile, interest rate remained unchanged as well.

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