Day: December 28, 2013

December 28
2013

Yen Falls Despite Supportive Data

The Japanese yen ended Friday with losses even though macroeconomic data from Japan was very positive, making it less likely for the nation’s central bank to introduce additional monetary accommodation. Japan’s core Consumer Price Index rose 1.2 percent in November from a year ago, slightly above the consensus forecast of 1.1 percent. The Tokyo core CPI was up 0.7 percent, increasing from October’s 0.6 […]

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December 28
2013

Interest Rate Outlook Makes Loonie Close Weaker

The Canadian dollar ended Friday with losses as Canada’s central bank was not showing willingness to raise interest rates, while the US Federal Reserve has already cut its stimulus program. The Fed reduced its monthly asset purchases by $10 billion per month and US policy makers were signaling since then that additional stimulus cuts may follow. Such prospects hurt growth-related currencies. By contrast, […]

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