Yen rises against its peers on increased safety demand

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Source: Bloomberg
The Japanese Yen appreciated against most of 16 major counterparts this week due to Asian stocks' decline and discouraging global economic data that increased demand for safe haven assets. The Yen set for its biggest 5-day strengthening versus the U.S. Dollar in three months as reports showed U.S. unemployment claims rose while the latest reading of manufacturing in Europe and China indicated contraction.  
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Fri, 24 Aug 2012 07:39:57 GMT

Real falls on intervention speculation

The Brazilian Real dropped to a 1-week low on speculation the nation's central bank will intervene to weaken the Real outweighed bets officials will take steps to support the global economy. The Real lost 0.4% to 2.0238, the lowest level since August 14.

Fri, 24 Aug 2012 08:26:57 GMT

RBA is prepared to act if economy slows

The RBA Governor Glenn Stevens said that officials are ready to take steps if the nation's economy slows, auguring Australia's mining investment boom will peak within the next two years. The Aussie Dollar declined to a 1-month low versus the New Zealand Dollar as Stevens said the Australian currency is likely to depreciate if the mining boom ends.  

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