Japanese P.M. Remarks Precipitate Yen’s Slippage
Friday, March 12, 2010 GMT
Surprise comments made by Yukio Hatoyama, the Prime Minister for Japan, which suggested that a weak Japanese Yen was not in line with the country’s frail economy, sent the Japanese currency falling against both the U.S. Dollar and the single currency Euro in Asian trading today.
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Japanese Yen Slips versus Well-supported U.S. Dollar
Friday, March 05, 2010 GMT
The Japanese Yen slipped in Asian trading as the government of the People’s Republic of China reaffirmed its current loose monetary policy and Asian share prices rose, all of which served to increase investors’ appetite for risk. Adding to the Yen’s decline against the U.S. Dollar was the news that Japan’s central bank is considering additional easing measures to stimulate the Japanese economy.
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U.S. Dollar Slips Broadly in Asia ahead of Greek Finance Meeting
Wednesday, March 03, 2010 GMT
The U.S. Dollar fell broadly in Asian trading today, dropping to its lowest points in several months versus several currencies. As reported at 1:02 p.m. (JST) in Tokyo, the greenback slipped against the Japanese Yen to 88.67 Yen, a decline of .2%; earlier in the trading session on the EBS platform, it had fallen to 88.47Yen, the lowest price in more than 2 months.
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AUD/USD Remains At A Turning Point
Tuesday, March 02, 2010 GMT
After seeing the pound collapse yesterday, traders can be a bit more optimistic today with the RBA raising rates to 4% and releasing a statement that has a optimistic outlook on the global recovery.
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Australian Dollar Trims Gains, Despite Rate Hike
Tuesday, March 02, 2010 GMT
The Australian Dollar retreated in Asian trading today, trimming gains made immediately following the announcement by the Australian central bank that a key interest rate would be raised to 4.0%, up from 3.75%.
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