U.S. Dollar sharply appreciates versus Yen on American labor market data

Source: Bloomberg
The U.S. Dollar rose 0.6% to 95.43 against the Yen by midday trading session in Tokyo on Friday, after reaching 95.45 level, which is the highest since August 2009. The Japanese Yen has already dropped 1.9% against the Dollar in March, mainly due to data from Japan, which had a current account deficit for a third straight month. Demand for the U.S. Dollar is affected by speculation that improving labour market will make the Federal Reserve to end the monetary easing programme earlier than expected.
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Fri, 08 Mar 2013 08:53:05 GMT

Rupee set for the biggest gain in Asia this week

The Rupee appreciated 0.8% in last week to 54.445 against the U.S. Dollar and this was the biggest gain since 1st of February and the best weekly performance in Asia. The Indian currency increased due to improving economic data in the U.S., what accelerated a rally in equity markets and capital inflows in emerging markets.

Fri, 08 Mar 2013 08:21:05 GMT

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