Yen declines as Abe appoints new BOJ Governor

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Source: Bloomberg
Japan's Yen fell for a third consecutive day as Prime Minister Shinzo Abe nominated Haruhiko Kuroda to be the BOJ Governor, boosting prospects for more aggressive monetary policy this year. The Yen declined 0.2% to 92.41 per greenback at 6:47 a.m. in London, after sliding 0.5% in the previous two days. The currency slipped 0.3% to 121.47 per Euro, prolonging losses for a third day.
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Thu, 28 Feb 2013 11:08:05 GMT

Aussie rises on speculation RBA will unlikely cut key rate

The Australian Dollar advanced, halting earlier losses, amid speculation the central bank will unlikely cut the interest rate. The Aussie gained 0.4% to $1.0278 at 4:26 p.m. in Sydney, following a 0.4% decline earlier. It fetched $1.0184 a day earlier, the weakest level since October 10.The currency added 0.6% to 94.93 yen, while the kiwi rose 0.5% to 88.18 cents

Thu, 28 Feb 2013 10:36:04 GMT

Sugar rose as weather threatens loading at Brazilian ports

Farm commodities except for coffee rallied on Wednesday on speculation that a recent slump in prices will attract buyers. Moreover, talks that China's grain stocks are at low level provided additional support for wheat and corn futures. Wheat climbed for the second session in a row on hopes lower prices will attract livestock producers. However, gains were capped as weather

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