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Day: May 28, 2009
May 282009
Yen Declines Further as Investors Purchase Assets Overseas
The yen hit a 8-week low against the dollar and also lost ground against the euro, as Japanese investors, driven by a new wave of confidence on world markets, return to overseas investments. The Ministry of Finance in Japan affirmed that national investors had the highest rise in foreign bonds purchases during the current month, this declaration reflected immediately in the Japanese currency market, making the yen to lose against all of the 16 most-traded currencies. The yen also lost […]
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May 282009
Euro Surges on Better Economic Indicators
EUR/USD posted a sharp gain today after declining for three days in a row as the markets gained on the better fundamental conditions. The U. S. statistics was mixed today, but still positive enough for EUR/USD to rise. Its now trading near 1.3937. Durable goods orders rose by 1.9% in April after decreasing by 2.1% in March (revised down from 0.8% drop). The median forecast was at 0.5% gain. Initial jobless claims decreased […]
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