Yen is on slide to boost shipping business in Japan

Note: This section contains information in English only.
Source: Bloomberg
The Japanese Yen edged lower to 97.07 against U.S. Dollar by midday trading session in Tokyo on Tuesday. The currency reached a four-year low, as it slipped to 99.95 on the 11th of April. Changes in a Yen's value will be the main driver on this year shipping industry profits. Analysts say that despite a decline in freight rates, the weaker Yen will boost profits by $500 million.
Back to articles

Actual Topics

Tue, 16 Apr 2013 07:55:05 GMT

Gold tumbles the most in 33 years

Gold futures for June settlement lost 9.3% to $1,361.10 on the Comex by midday trading session in New York on Monday. That was the biggest loss since 17th of March, 1980. Market analysts say that such sharp drop was caused by weak data from China, what sparkled a selloff of the commodity amid concern that more money will be required

Tue, 16 Apr 2013 10:30:04 GMT

European stocks fall before German confidence report

European shares decreased on Tuesday suggesting the third successive fall of the benchmark index Stoxx Europe 600 before a report showed that investor confidence in Germany dropped. Euro Stoxx 50 Index futures slid 0.3% to 2,556 earlier on Tuesday London session after the Stoxx Europe 600 Index fell 0.7% yesterday on China's economy and New York manufacturing data.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.