Euro rises against Yen and U.S. Dollar after inflation data

Source: Reuters
The 17-nation bloc currency strengthened on Friday traded close to the highest level in a five-year period against the Japanese Yen and near one-month peak versus U.S. Dollar after a report showed that inflation in the Eurozone rose 0.9% in November. The Euro added 0.1% to $1.3611 and it advanced also 0.1% to 139.23 Yen following a touch at 139.709, the most since late 2008.

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Fri, 29 Nov 2013 16:18:03 GMT

Eurozone's inflation accelerates 0.9% in November

Inflation in the 17-nation bloc currency increased on a higher pace than economists originally expected in November easing a pressure on the European Central Bank to take further steps in order to boost the economy on the next policy meeting. Report published by the statistical office Eurostat showed that inflation in the euro-area accelerated 0.9% in November. 

Fri, 29 Nov 2013 15:56:02 GMT

U.S. shares rise in abbreviated session on Thanksgiving

Wall Street shares inched higher on Friday in an shorten session due to the Thanksgiving holiday as the benchmark indexes continued to advance and were poised to record their third successive month of significant climbs. The Standard & Poor's 500 Index added 4.4 points, the Dow Jones industrial average gained 35 points and the Nasdaq Composite Index jumped 17 points.

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