Dollar loses value as Nikkei plummets

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
The Dollar dropped to 100.79 Yen when the Nikkei 225 index initially plummeted 4% early today, but the currency rebounded and was last traded at 101.04. The current moves in the USD/JPY pair are linked to the global stock markets, but Forex traders are likely to concentrate more on macro data, especially on the news of the Fed's monetary easing, according to senior strategist of SMBC Nikko Securities.
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Mon, 27 May 2013 13:22:07 GMT

European stocks recover as Yen appreciates

European shares increased, recovering from the first weekly drop in a month, and Asian stocks slipped as Japanese top central banker said interest rates might rise as the economy expands. The Japan's Yen gained 0.3% to 100.99 against the Dollar and 0.2% to 130.71 versus the Euro. The Stoxx Europe 600 rose 0.3% and the Standard & Poor's 500 futures

Mon, 27 May 2013 08:16:04 GMT

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