Business-Cycle Indicators Stable, Fail to Affect Japanese Yen
The Japanese Yen traded flat in a generally calm market environment as business-cycle indicators came in in line with expectations.
The Japanese Yen traded flat in a generally calm market environment as business-cycle indicators came in in line with expectations.
Following the sharp gains recorded on the first business day of 2012 for both gold and silver, gold continued to rise while silver changed direction and moderately declined.
Gold continued to decline yesterday, while silver changed direction and slightly rose yesterday. Both precious metals didn’t do well in recent weeks, but what is up ahead for gold and silver on the last business day of 2011?
Dec. 28 (BusinessDesk) – The New Zealand dollar fell against most major currencies, in subdued holiday season trading, as traders weighed the potential costs to the economy of further quakes in Christchurch and figures showed consumer confidence rose in the US.
The Euro is unlikely to prove meaningfully responsive to the German IFO business confidence report barring a significant positive deviation from expectations.
The New Zealand dollar fell against the greenback ahead of the US Federal Open Market Committee meeting, after Germany refused to boost rescue funds, sapping headway from the Spanish bond sale and improved German business confidence.
THE dollar rose above parity with the US dollar for the first time in two weeks, thanks some good US economic data and strong local business investment figures.
U.S. business inventories flatted in October, U.S dollar extends gains versus the euro
Business Line US dollar appreciation has taken a toll on farm sector too, as imported fertiliser price becomes dearer.
Oil prices declined for the past three business days; yesterday’s falls was probably driven in part by the news from Greece of areferendum. On Tuesday, November 1st oil price (WTI) slipped by 1.07% to $92.19/b; Brent also fell by 0.56% to $018.91/b; during the week WTI shed 1.21% and Brent fell by 1.73%