Yen weakens on speculation central banks will take steps

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Source: Bloomberg
The Japanese Yen fell versus its major counterparts amid speculation central banks will take more measures to prevent further economic slowdown, curtailing demand for haven assets. Japan's currency lost 0.2% to 78.67 per U.S. Dollar after touching 78.72, the lowest level since September 19. The Yen fell 0.4% to 101.68 per Euro, heading for a sixth-consecutive decline. 
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Thu, 04 Oct 2012 08:27:05 GMT

Gold modestly higher as dollar rally ends

On Thursday, gold prices were higher, after traders started to sell the U.S. Dollar. On the NYMEX, December delivery futures for gold were traded at $,781.35 per troy ounce, which was a 0.09% increase for the Asian trading hours. Earlier it hit $1,780.55, which was a session low, and a session high of $1,782.15 per troy once.

Thu, 04 Oct 2012 10:48:47 GMT

ADB revise downward its forecast for China's GDP growth

The Asian Development Bank slashed its forecast for China's GDP growth in 2012 to 7.7% from 8.5% projected in April, while the Chinese government will assure a soft economic landing. According to economists of ADB, the downside risks to the Chinese economy possibly will intensify in the short run due to weak global demand and concerns surrounding China's largest trading

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