Asia stands on solid ground despite European crisis

Note: This section contains information in English only.
Source: Bloomberg

Despite the European sovereign debt turmoil, it appears that Asia is standing still on solid ground.  According to the Cabinet Office located in Tokyo, bookings (JNMOCHNG), capital spending's indicator, increased 5.7% in the month of April. In addition, South Korea's unemployment rate in May in dropped to 3.2% in comparison to the previous month's 3.4%. Further, Sri Lanka continued to postpone the interest rates due to central bank's projections that the domestic economy may boost by more than 7%.

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Wed, 13 Jun 2012 18:34:42 GMT

Greenback lower versus the Yen as the weak U.S. data in focus

On Wednesday, the U.S. Dollar pared gains versus the Yen, as the weak economic U.S. data weigh. The Commerce Department reported that sales in the U.S. fell by 0.2%. USD/JPY peaked at 79.74, 3-day high, and then pulled back reaching 79.48, which was a 0.04% decline, during the European afternoon trading session. The pair's support was prone to be at 79.10, and the resistance may

Wed, 13 Jun 2012 18:12:42 GMT

Cable held steady while Eurozone in focus

On Wednesday, the British Pound held steady versus the American Dollar, as investors were focusing on Spanish financial crisis and growing borrowing costs for Italy. GBP/USD peaked at 1.5540, and later the pair consolidated at 1.5561, which was a minor 0.05% increase since the beginning of the European afternoon trading session.

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