Dollar, yen advances on spurring demand for refuge assets

Source: Bloomberg
© Scanpix/AFP
The U.S. Dollar and the Japanese Yen advanced on demand for haven assets as U.S. delayed budget vote, increasing concern the ‘fiscal cliff' will drag the U.S. economy into recession. The Yen rose versus all the major counterparts, gaining 0.4% to 84.03 per greenback. The Dollar climbed 0.3% to $1.3208 per Euro, snapping a weakly loss to 0.4%.  
Back to articles

Actual Topics

Fri, 21 Dec 2012 11:35:17 GMT

Oil drops as U.S. delay budget vote

Oil fell the most in two weeks on increasing concern U.S. lawmakers might fail to avert looming ‘fiscal cliff', which threatens to drag the world's largest economy into recession. Crude for February settlement was at $88.93 a barrel, down $1.20, after climbing 15 cents to %90.13 a day earlier, the highest close since October 18. Brent for February delivery slid

Fri, 21 Dec 2012 12:37:18 GMT

Aussie drops as U.S. Republicans canceled tax vote

The Australian Dollar dropped to the lowest level in more than 2 weeks as U.S. lawmakers cancelled tax vote. The Aussie Dollar weakened 0.3% to $1.0453 from yesterday, after earlier fetching $1.0438, the weakest level since December 4. Australia's Dollar is set for a 1.1% weakly decline, the biggest since 5 trading days ended October 5. 

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.