Yen rises as falling stocks push safety demand

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Japanese Yen advanced against almost all of it 16 major trading partners and falling European and Asian equities push demand for safer assets. The currency appreciated 0.4% yo 99.6 per greenback as of 6:45 a.m. In New York, while versus the common currency, it added 0.5% to 131.75 which was the first gain in three days. The MSCI Asia Pacific gauge lost 0.7%, decreasing for a second straight day.
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Thu, 25 Jul 2013 13:20:14 GMT

Gold continues to fall amid Fed stimulus tapering bets

Gold continued to decline and reached the lowest level in about three weeks, after recovering in the early morning session, on increasing U.S. housing data released on Wednesday that boosted concerns that the U.S. bond-purchases will soon end. Gold future decreased 0.57% to $1,312.10 per ounce. Spot gold retreated 0.50% to $1,312.41 per ounce.

Thu, 25 Jul 2013 12:47:04 GMT

Copper drops on excessive supply concern

Copper declined for the first time in five sessions, the longest gain since December, amid concern that supply of the copper might exceed demand. Goldman Sachs Group announced that global surplus of the metal might double in two years. Copper for settlement in three month lost 1.4% to $6,953 per ton at 11:06 a.m. on the London Metal Exchange.

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