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Day: February 4, 2014
February 42014
Yen Falls for the First Day in Five
The Japanese yen fell today as fears on the Forex market eased, damping demand for riskier currencies. It was the first day of losses after the four-day rally versus the euro and the Great Britain pound. The yen was down of speculations that the rally has been overdone. Previously, the Japanese currency was rising on signs of slower growth in the United States. The manufacturing Purchasing Managers’ Index of Institute for Supply Management dropped from 56.5 percent […]
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February 42014
US Dollar Gains Ground Against Majors
US dollar is gaining ground against majors today, heading higher as risk aversion continues, but things improve for the US economic picture. Concerns about a slow down in growth for the US economy led to a lower dollar yesterday, and worries about emerging markets weighed on stocks. Today, things are a little different. Now, stock futures look to recover, and the US dollar is heading higher. There are still concerns […]
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