Yen rises after Fed's meeting in Congress

Source: Bloomberg
© Scanpix/RS
The Japanese currency rose versus all of its major counterparts on Thursday as Asian equities fell amid concerns that Fed's decision to tap its monthly bond purchases may weight on the recovery of the U.S. economy and as Chinese economy is slowing. Yen increased by 0.5% to 102.65 per U.S. Dollar by 6:02 a.m. London time and it added 0.6% to 131.91 per Euro.

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Thu, 23 May 2013 08:14:06 GMT

Soybeans advance to six-month high amid China's demand

Soybeans increased to the highest level in six month on Thursday and are set to extend its rally to the longest one in a year amid signs that Chinese demand will increase despite falling U.S. supplies. Soybeans for July settlement advanced 0.6% to $15.025 a bushel on the CBOT, the highest level for a most-active contract since November 8.

Thu, 23 May 2013 07:51:04 GMT

Indian Rupee declines to 6-month low

India's currency slid to the lowest level in a six-month period on Thursday as the country's bonds declined after the Federal Reserve Chairman Ben Bernanke said the central bank may scale back its stimulus program. The Indian Rupee depreciated 0.6% to 55.8100 per U.S. Dollar by 10:11 a.m. Mumbai time following a fall to 55.8787, the least since November 26.

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