Yen depreciates on trade deficit data

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Japanese Yen weakened against its main counterparts on Tuesday after nation's statistics reported Japan in 2011 faced the first trade deficit in 30 years, fuelling concerns about country's economic outlook. Japanese currency lost 0.4% against US Dollar to ¥77.95. Currently USD/JPY is trading at ¥77.91. 

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Wed, 25 Jan 2012 08:11:41 GMT

Japan: first trade deficit in 30 years

Japan reported the first yearly trade deficit in 30 years. The trade deficit of the country for 2011 amounted 2.49 million Yen, with imports adding 12% and exports decreasing by 2.7%, according to finance ministry. Experts blamed recent earthquake and tsunami as many factories and supply chains were damaged.

Wed, 25 Jan 2012 13:24:04 GMT

Loonie little changed against greenback

Canadian Dollar traded close to flat against its US peer on Tuesday as the growth of country's retail sales slowed in November indicating declining public demand. Retail sales added 0.3% in November compared to 0.9% surge in October. Canadian currency depreciated 0.01% to C$1.0090 in Toronto evening session. Currently USD/CAD is trading at C$1.0104. 

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