Average wages decline in Japan

Source: ForexLive
Monthly income per one employee in Japan decreased by 0.8% in May 2012 after a slight rise of 0.2% in April. The main reason for drop was annual fall of 39.9% in bonuses and one-off payments. Meanwhile base wage rose by 0.4% in May, whereas overtime payments increased by 6.4% through the year. Moreover total working hours expanded 3.2% year-on-year in May. 
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Tue, 03 Jul 2012 15:39:37 GMT

Loonie is appreciating

Canada's national currency hit its six-week high against its US counterpart on the 3rd of July. The current trading rate is CAD 1.0161 per USD whereas on 29.06.2012 the rate was CAD 1.0181 per USD. Canadian government bonds also gained in price. Two-year government bonds advanced by 5 Canadian cents, leading to drop of yields to 1.006%, while ten-year bonds

Tue, 03 Jul 2012 14:33:38 GMT

Wheat soared after world crops forecast cut

Rural commodities extended previous rally on Monday amid unfavorable weather conditions in the main growing regions.Wheat advanced after the International Grains Council reported that global output is likely to be 4.3% lower than initial estimate in 2012-13 crop year because of large fall in Russia's production.Corn soared to three-month high as US crop conditions have continued to deteriorated for the

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