Euro Gains versus Yen on Services PMI

Source: Bloomberg
The Euro strengthened against the Yen to the strongest level since April 2010 on a purchasing manager's index signaled services output in the Euro-zone shrank less than forecast, increasing demand for the shared currency. The Euro appreciated 1.4% to 126.56 Yen after reaching 126.97 Yen on February 1, the highest in more than 2.5 years. The Euro advanced 0.2% to $1.3544, following decline to $1.3459, the weakest level since January 29.

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Tue, 05 Feb 2013 16:58:37 GMT

Switzerland's trade balance at 16-month low in December

Swiss export decreased in the last month of 2012 to its lowest level in 16 months as the weaker performance of the Eurozone's economy dragged down the demand for the Swiss watches and machinery and electrical products, the Federal Statistical Office reported on Tuesday. Exports fell 1.5% in December, while imports of the economy increased by 5.5%. "Switzerland's foreign trade managed to withstand the difficult global economic

Tue, 05 Feb 2013 16:08:04 GMT

Soybeans Gain for Third Session amid too High Humidity in Brazil

Soybeans gain for the third time amid concerns too heavy rains will delay harvesting in Brazil, the world biggest supplier. March-delivery soybeans advanced 0.3% to $14.9325 in Chicago after falling 0.4%. Brazil is expected to produce an 82.7 million-ton harvest this year, while the U.S. Department of Agriculture forecast harvest of only 82.5 million metric tons of soybeans, the forecast

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