Yen weakens to 7-month low versus Euro on BOJ stimulus speculation

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Source: Bloomberg
© Scanpix/AFP
Japan's Yen weakened to the lowest level in seven months against the Euro as data indicated Japan's consumer prices were unchanged in October, increasing speculation the Bank of Japan will expand stimulus to boost inflation. The Yen fell to 107.30 per Euro, the lowest level since April 27, and was at 107.13 at 2:24 p.m. in Tokyo, 0.5% lower than yesterday's close in New York. 
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Fri, 30 Nov 2012 07:34:22 GMT

Rupee set for first weekly advance since October

India's Rupee was set for the first weekly advance since October as Moody's Investors Service kept a stable outlook on the country's credit rating and Goldman Sachs Group Inc. increased local shares to overweight. The Rupee rose 1.8% this week to 54.5250 per U.S. Dollar, trimming a loss in November to 1.3%. The currency climbed 0.6% today. 

Thu, 29 Nov 2012 17:30:25 GMT

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