Yen strengthens against its major counterparts

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

The Japanese Yen appreciated against most of its 16 major peers ahead of German report which is likely to show sharp drop in business confidence for fifth month in a row indicating Japanese Yen as safe haven. On Thursday morning trade Japanese currency increased 0.3% against US dollar reaching ВҐ77.09. In yesterday's New York trade the Yen strengthened against the Euro from ВҐ103.15 to ВҐ103.05.

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Thu, 24 Nov 2011 09:13:03 GMT

Gold futures decline in Asian trading

Gold futures for December delivery decreased by 0.4% to $1,695.90 an ounce on the New York Mercantile Exchange. The yellow metal's appeal as safer investment option has declined showing quite strong positive correlation with stocks and other commodities. Investors risk-aversion increased pushing the demand down after failed German auction impacting both US stock and gold market.

Thu, 24 Nov 2011 09:08:15 GMT

Decline in China's PMI may have overstated manufacturing slowdown

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