Yen weakens on possible BOJ's monetary stimulus

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

The Yen declines against its 16 counterparts as BOJ is expected to take action to curb the yen's strengthening, as it jeopardizes Japanese exports. The Yen fell against the euro, after five days of gains on news the government will lower its economic assessment this month. The Japanese currency dropped 0.4% to 101.23 euro. Meanwhile, the Yen lost 0.3% versus the greenback to 75.59.

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Wed, 14 Nov 2012 09:41:44 GMT

Australian dollar appreciates against its major peers

The Australian Dollar reached the highest level in two months versus the kiwi as retail sales in New Zealand dropped unexpectedly.  The Aussie traded up to NZ$1.2799, after trading at NZ$ 1.2788 earlier. The currency also touched the strongest weekly level against the greenback on improving consumer confidence in Australia. It advanced to $ 1.0455, trading 1% higher than before at $ 1.0448. Meanwhile, the currency

Wed, 14 Nov 2012 09:19:40 GMT

Wheat slumped despite poor US crop condition

Farm commodities except for corn dropped on Tuesday as demand for US exports remained weak. Moreover, uncertainty over Greece as well as upcoming US budget clashes weighted on demand perspectives. At the same time, expected  rains in Brazil and poor condition of the US grains lent some support for the commodity group.Wheat sagged 0.77% despite worries over the US winter

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