Yen climbs against the Euro ahead of German exports data

Source: Bloomberg
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Japanese Yen strengthened versus the 17-nation currency on Friday as investors predicted the German exports slumped in April amid worries European debt turmoil is curbing Eurozone's economy. The Yen appreciated 0.7% versus Euro to JPY 99.33 during Asian trading hours. Currently EUR/JPY is trading at JPY 99.15.
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Fri, 08 Jun 2012 06:51:28 GMT

UK service sector expands in May

UK service sector expanded at a steady pace in May, increasing probability that the Bank of England is likely to stick to the current monetary policy. The PMI for the services remained unchanged at 53.3, which means that activity in service sector is growing. Following the positive data, the Sterling appreciated against the Dollar to $ 1.5471 from $ 1.5448. 

Fri, 08 Jun 2012 06:40:27 GMT

East Europen countrise concern over Greek exit

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