Yen sets for longest monthly string of losses in ten years

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Source: Bloomberg
The Japanese Yen was little changed on Friday setting for the longest monthly losing streak in more than ten years signalling that lingering deflation of the economy will force the new Bank of Japan Governor take further steps to boost the economy by stimulus measures next week. The Yen was changed at 94.07 per U.S. Dollar and it was traded at 120.52 per Euro on Friday.

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Fri, 29 Mar 2013 12:08:11 GMT

Yuan rises to 19-year high after increase of reference rate

The Chinese Yuan appreciated to the highest level in 19 years after the People's Bank of China raised the daily reference rate by 0.08% to its strongest level since May 2012 at 6.2689 per U.S. Dollar, while the Yuan is still allowed to trade 1% on either side of the rate. The Yuan advanced by 0.06% closing at 6.2108 per

Fri, 29 Mar 2013 11:38:07 GMT

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