The greenback higher versus Yen on Spain, China worries

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Source: Forexpros

On Wednesday, the U.S. Dollar was traded higher versus the Japanese Yen, amid uncertainty over Spanish bailout and disappointing Chinese data, which boosted the safe haven demand. USD/JPY hit 78.30, which was the lowest since September 20, and later consolidated at 78.21, which was a 0.07% gain for the European morning trading session.

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Wed, 03 Oct 2012 09:21:48 GMT

U.K. services sector expand less than forecast in September

U.K. service sector output advanced at a weaker-than expected rate in September, as economy posted the first net decline in employment in last ten months, Markit Economics said on Wednesday. The seasonalized Services Purchasing Managers Index dropped 1.5 points to 52.2, compared to 53.7 in August. Analysts had forecast a reading of 53.1."With no Bank Holidays until Christmas and the

Wed, 03 Oct 2012 13:00:47 GMT

Services PMI in Germany at lowest since 2009

Markit, a market research group, reported on Wednesday that German service activity decreased at the most rapid rate since March 2009 on a quick drop in employment. German services PMI was revised down to 49.7 in the previous month from a preliminary estimate of 50.6. Following the release of the data the Euro dipped 0.08% versus the U.S. Dollar to trade at $1.2908.

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