US Dollar bullish as Eurobond talks stall

Source: Forexpros
The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance against six main currencies, gained 0.09%, attaining 82.24 at the time of writing.
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Thu, 24 May 2012 09:34:48 GMT

Bank of Japan is optimistic

BoJ did not change its assessment of the economy in May but became more optimistic, as it finds more evidence of recovery. Its monthly report mentions improvements in private and business investments. The Bank of Japan said that they expect the economy to start recovering as growth in partner economies picks up. They also predict that construction sector will strengthen,

Thu, 24 May 2012 08:39:47 GMT

Asian stocks down on weak China data, Europe concerns

Most Asian markets lost ground on Thursday after weak data from Chinese manufacturing sector and fruitless EU summit. The euro touched its 22-month low of USD 1.2545, as European leaders took opposite stances on the euro zone debt crisis. During Asian trading the price stabilised at USD 1.2582. Japanese companies with strong ties to the EU fell behind the Nikkei which fell 0.5%. The U.S.

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