Yen appreciates

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Source: Market Watch

The Euro traded at 137.30 against the Yen from 137.51 Wednesday, while the analysts from Bank of Tokyo-Mitsubishi forecast a dip to 137 Yen. They also added the Euro could test an important level at 1.35, but is likely to have difficulties passing it. During the Asian trading session the spot changed from $1.3525 to $1.3528. Meanwhile, the WSJ Dollar Index lost 0.05% and reached 73.05.

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Thu, 17 Jul 2014 16:37:10 GMT

Japan's outlook improves due to increased consumer spending

Japan's government raised the economy's growth projections as the negative effects of the sales tax on consumer spending are coming to naught. With personal consumption accounting for 60% of the economy the tight labor market and improving consumer sentiment were seen as good news. Further growth in the economy is expected, but a contraction in Q2 is unlikely to be

Thu, 17 Jul 2014 16:04:12 GMT

Anglo American platinum production plunges

Anglo American platinum production slipped 40% in the second quarter year-over-year due to five-month strikes in South Africa. Iron ore production, on the other hand, increased 2% from the same period and rose up to 11.5 million metric tons. The output of copper expanded 6% to 194.000 tons due to improved productivity in Chile.

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