Japan current account expands to Y433.3B in June

Source: RTTNews
Japan posted Y433.3 billion current account surplus in June, down 19.6% on year and declining for the 16th straight month, the Ministry of Finance reported on Wednesday. The trade balance showed a surplus of Y112.0 billion, with a 13.7% year-on-year drop. Imports cooled an annual 1.2% to Y5.310 trillion. Exports fell 1.5% on year to Y5.422 trillion.
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Wed, 08 Aug 2012 07:35:12 GMT

Gold drops on strengthening Dollar

Gold declined after a three-day rally as its rise to a week high boosted sales and as the U.S. Dollar's strength weakened demand for the metal as an alternative investment. On Wednesday, spot gold fell 0.2% to $1,609.15 per ounce, after rising to $1,618.40 yesterday, the strongest since August 1. Bullion for December delivery dropped 0.1% to $1,610.70 per ounce.

Wed, 08 Aug 2012 13:55:12 GMT

Greenback turned lower on Eurozone's hopes

On Tuesday, August 7, the greenback remained lower versus the Euro and other major currencies amid hopes that the ECB will soon make decisive actions to stem the debt crisis in the Eurozone. In order to lower Italian and Spanish borrowing costs, the ECB may soon resume bond-buying program.  The shared currency strengthened against the greenback during today's New York trading session, with EUR/USD adding 

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