Yen reaches the lowest level in seven years

Source: Bloomberg
The Yen dropped to its minimal value in seven years against the US Dollar, as Shinzo Abe is planning to postpone the sales tax increase and the date of election may be drawing near. The Yen depreciated 0.8% against the US Dollar today, reaching the level of 115.83.
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Wed, 12 Nov 2014 11:27:42 GMT

Sterling plummets against Euro

Even though many analysts expected the labour data along with the Bank of England's Inflation Report to boost demand for the UK currency, the Euro has gained 0.07% against the Sterling since 10:30 GMT, reaching the level of £0.7862. The British Pound came under significant pressure today as a decrease in the number of claimants was more timid than expected

Tue, 11 Nov 2014 10:52:05 GMT

NAB Business Confidence Index falls in October

A National Australian Bank's survey showed the operating conditions considerably improved in October, even though the business confidence deteriorated during the same period. The level of the business confidence now stands at 4 against previously reported 5; the lowest level since September of 2013.

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