Yen appreciated against counterparts as China shares slip for sixth day

Source: Bloomberg
© Scanpix\Reuters
The Japanese Yen advanced versus most of its major counterparts as demand for refuge assets was fueled by fall in Chinese stocks for six days in a row. The Japan's currency climbed 0.3% to 97.52 against the U.S. Dollar and jumped 0.3% to 127.49 versus the 17-nation currency, adding to signs the Yen has declined 7% this year.
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Wed, 26 Jun 2013 08:19:05 GMT

Sterling steady ahead of Osborne presents spending review

The Sterling remained unchanged versus the U.S. Dollar and the shared currency as the Chancellor of the Exchequer George Osborne will lay out his spending review to the parliament, covering the 2015 - 2016 financial year. The Sterling was flat at 1.5433 against the Dollar and was at 84.72 versus the 17-nation currency.

Wed, 26 Jun 2013 07:35:08 GMT

PBOC tries to deal with concerns over money market stability

The PBOC announced it would ensure the stability in the money market, the first public announcement of its determination to ease the crunch after it occurred last week. The reluctance to intervene resulted in CSI 300 Index entering bear market on June 24. The Shanghai Composite Index fell 0.2% at the end of the day after dropping 5.8%.

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