Japanese current account surplus slumped 40.6% in July

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Source: Forexpros

Japanese current account surplus dropped 40.6% in July due to an expansion in its trade deficit, the Ministry of Finance showed on Monday. The surplus, stood at 625.4 billion yen ($8.0 billion), as exports to European and Asian countries tumbled, while energy resource prices jumped. Analysts had predicted a surplus of 438.2 billion yen.

 

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Mon, 10 Sep 2012 14:29:42 GMT

Japan's April-June GDP downgraded to 0.7%

As reported by the Ministry of Finance, Japanese economy grew less than expected in the second quarter. Nation's GDP was revised to an annualized 0.7%, downgraded form the earlier estimate of 1.4%. The April-June GDP corresponds to a 0.2% gain from the preceding quarter, compared with the earlier reported growth of 0.3%.  

Mon, 10 Sep 2012 19:21:43 GMT

The Euro lower versus the U.S. dollar on Fed expectations

On Monday, the 17-nation currency was lower versus the Greenback, but remained supported as disappointing U.S. data fueled expectations of further Fed stimulus. EUR/USD hit a session's low of 1.2700, and subsequently consolidated at 1.2778, losing 0.29% in European afternoon trading session. The pair's support was likely to be at 1.2625, while resistance could be at 1.2816.

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