Yen gains as market normalizes

Source: WBP Online
The Japanese Yen gained against the Greenback, rebounding from the seven-month low after the Dollar bulls backed off. Experts forecast positive numbers on soon-to-be released Consumer Price Index, predicting Japanese industrial production to climb 1%, following a sharp decline of 3.4% a period before. Revised inflation numbers predict contraction to 3.4% on a year-to-year basis, from 3.6% expected before. The Yen rose by 0.13% to ¥103.91.
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Thu, 28 Aug 2014 07:52:19 GMT

Aussie reaches its highest in three weeks as investment exceeds expectations

The Australian Dollar climbed to a three-week high as capital expenditure showed an improving outlook for the economy by increasing 1.1% last quarter. With the Aussie rising 0.2% against the US Dollar and the pair trading at 93.57 overall for the month the AUD/USD pair has gained 0.6%. Meanwhile, the Euro also gained against the US Dollar and was trading at 1.3210.

Wed, 27 Aug 2014 09:23:03 GMT

Sterling evades the pressure

The British Pound inched up against the U.S. counterpart after hitting five-month low as traders move attention to the upcoming U.S growth data and U.K interest rate speculations. The Sterling experienced additional pressure after approved mortgage lending number fell in July. Nonetheless, traders keep focus on a possible interest rate hike by Bank of England till the end of the

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