Yen remains weaker against Dollar after U.S. retail data

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/Reuters
The Japan's Yen declined 0.93% to 100.10 versus the U.S. Dollar at 9:18 a.m. EDT after the retail sales data was published which showed weaker demand than economists projected. Against the Sterling, Japan's currency declined 0.87% to 151.08; and versus the 17-nation currency, the Yen dropped 0.75% to 130.58 on absence of new economic data from the EU.
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Mon, 15 Jul 2013 19:07:11 GMT

Portugal's policymakers agrees on deadline for "national salvation pact''

Portugal's major political parties and the main opposition party agreed that July 21 is the deadline for an agreement on austerity measures, which President Cavaco Silva demanded last week. The agreement is necessary for a 78 billion Euro bailout requirement execution. When the President called for the pact last week, local stock markets fell 2%, reacting to political instability in

Mon, 15 Jul 2013 14:52:06 GMT

U.S. retail sales grew less than projected in June

U.S. retail sales climbed 0.4% in June while economists projected an increase of 0.8%. The data still suggests that sales did advance every month in the second quarter. Largest drivers behind the increase were car purchases which advanced 1.8% and gas sales that rose 0.7%. Gas turnover increased mainly due to higher prices for it, leaving consumers with less income

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