Yen depreciates on hopes for stimulus

Source: Bloomberg
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The Japanese Yen trade close to flat versus Euro on Thursday but weakened against the US Dollar as investors bet central banks will add stimulus. The Yen fell versus greenback to JPY 79.83 during Asian trading hours. Currently USD/JPY is trading at JPY 79.75. US markets were closed yesterday. 
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Thu, 05 Jul 2012 06:57:40 GMT

Sterling lower after service activity data

The British Pound depreciated for a third consecutive day versus greenback after government report showed nation's service PMI in June dropped more than forecast. The Pound fell 0.6% against US Dollar to USD 1.5594. Forex strategist Lee Hardman expects Sterling to reach two-year low at USD 1.50 in upcoming three months. Currently GBP/USD is trading at USD 1.5595. 

Thu, 05 Jul 2012 06:33:39 GMT

Eurozone retail sales accelerated in May

Retail sales in common currency area unexpectedly surged in May, as improvement in France, Ireland and some other countries managed to offset the falling demand in Germany. Sales climbed monthly 0.6% in May compared to a 1.4% drop in April. Economists predicted the indicator to remain flat. On yearly basis, however, sales have declined by 1.7%. 

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