Yen rebounds as BOJ maintains inflation target at 1%

Source: Bloomberg
© Scanpix/Reuters
Japan's currency rose versus all of the major counterparts as the nation's central bank kept its 1% inflation target after incoming Prime Minister Shinzo Abe urged to double the goal. The Japanese Yen gained 0.6% to 111.02 per Euro at 6:33 London time from the close a day earlier, when it fetched 112.50, the lowest since August 2011. The Yen climbed 0.5% to 84 per greenback, after a 1.1% decline over the previous 3 years.
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Thu, 20 Dec 2012 09:43:17 GMT

Aussie stays lower as U.S. 'fiscal cliff' deal deadlocked

The Australian Dollar held a 3-day loss, while the country's bonds rose, on concern U.S. ‘fiscal cliff' deal is deadlocked, curbing demand for risky assets. Australia's currency traded at $1.0477 at 4:25 p.m. Sydney time after declining 0.8% in the previous 3 days. The Aussie lost 0.5% to 88.03 yen. The New Zealand Dollar fetched 83.31 U.S. cents, the weakest

Thu, 20 Dec 2012 10:48:16 GMT

Corn drops amid falling ethanol production

Rural commodities, excluding coffee, dropped on Wednesday amid signs of weak demand for US supplies. Meanwhile, upward revisions of Brazilian crop estimates created heavy pressure on softs. Strong greenback coupled with improved weather conditions in the US also weighed on the commodity group.Wheat declined on speculation that snow and rains in the US Great Plains and Midwest will improve prospects

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