Yen slips through 102 after G7

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Japanese Yen was traded lower by 0.3% at 101.96 per U.S. in the second half of Tokyo session on Monday. Today the currency touched a 102.15 level, which was the weakest since October 2008. Investors were willing to sell the Yen, as Group of Seven officials indicated that they will tolerate the weak Yen, as they are more focused on Japan's recovery strategy.
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Mon, 13 May 2013 09:00:06 GMT

Gold drops for third day amid stronger U.S. Dollar

Gold declined for the third straight session on Monday extending its losing streak to the biggest drop in a week since April as the metal entered a bear market after holdings continued to decrease and as U.S. Dollar appreciated. Bullion for delivery this month slipped 1.5% to $1,426.16 an ounce and was traded at $1,435.72 as of 2:24 p.m. Singapore

Mon, 13 May 2013 08:27:04 GMT

Chinese stocks slide ahead industrial output data

The Shanghai Composite Index was lower by 0.2% to 2,242.07 points by the midday in Shanghai's trading session on Monday. Investors were concerned about a current macro situation, which do not show any improvement. The government announced about a study to curb home prices in a long term. Also, traders wait for data on industrial production and retail sales.

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