Euro extends three day slump against Japanese Yen

Note: This section contains information in English only.
Source: Bloomberg
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The Euro maintained decline against Japanese Yen for a third consecutive day amid worries, European debt crisis will add to bond yields and hinder region's economic growth. The common currency weakened against 15 of 16 its major peers ahead of Italian bond auction due today. Euro depreciated from ВҐ101.80 to ВҐ101.62 in yesterday's New York trade. The 17-nation currency fell from $1.3071 to $1.3067. EUR/JPY currently is trading at ВҐ101.64 while EUR/USD is trading at $1.3064.

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Wed, 28 Dec 2011 07:55:01 GMT

Treasury calls China to appreciate the Yuan

Treasury Department issuing the semi-annual report announced China should be pressed for implementing greater flexibility in its exchange rate. Treasury declares the Chinese Yuan to be undervalued and calls for appreciation. US suggest Chinese undervalued currency gives unfair advantage to the nation's exporters. Japan also received critics from Treasury for selling Yen in October and August despite US objections. 

Wed, 28 Dec 2011 07:54:45 GMT

Dow ends lower while S&P 500 and Nasdaq close up

US stocks traded almost flat on Tuesday. Dow Jones Industrial Average finished slightly down giving up 0.02% or 2.65 points at 12,291.35. Gains from surge in consumer confidence did not outweigh losses from fall in housing prices and climbing Italian borrowing costs. S&P 500 Index finished 0.01% or 0.1 point higher at 1,265.43, while Nadaq traded 0.3% or 6.56 points up at 2,625.20. 

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