Yen Fell to 3-Year Low on BOJ New Governor

Source: Bloomberg
The Yen depreciated to the weakest since May 2010 as Japan's government decrease number of candidates for the position of the Bank of Japan governor. The Yen weakened versus all its main counterparts on concerns Shinzo Abe, Lapar Prime Minister, will nominate Huriko Kurodo, the president of Asian Development Bank, for BOJ governor. The Asian currency dropped 0.9% versus the U.S. Dollar to 94.21 per Dollar after reaching earlier 94.77, the lowest in almost three years. The Yen declined 1% against the Euro and traded at 124.49 per Euro.
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Mon, 25 Feb 2013 11:10:48 GMT

Aussie declines as China's manufacturing expands at a slower pace

The Australian Dollar fell versus most of the major counterparts as preliminary data indicated China's manufacturing activity expands at a slower pace, clouding the outlook for Australia's exports. The Aussie fell 0.4% to $1.0278 as of 4:59 p.m. in Sydney. It fetched 97.73 yen, the strongest level since August 2008, before touching 96.81, 0.4% above the close on Friday. 

Mon, 25 Feb 2013 10:35:09 GMT

Coffee jumps amid strikes in Santos, spreading leaf rust

Farm commodities were mixed on Friday, with softs advancing and grains sliding. Pushing the commodity group higher, port workers began a strike in Brazil, stopping a loading of sugar and corn onto boats in Santos. However, improving weather conditions in the US Great Plains as well as bearish USDA report put heavy selling pressure on grains. Wheat plunged on hopes that

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