FXHIGHWAY

 Breaking News

Yen surges to fresh three-week high as dollar widens losses

News Date: 2/8/2016 05:07:42
 
Yen jumped to a fresh three-week high against the dollar while the Nikkei index gave up heavy losses as investors doubt the latest government stimulus will prop up the morbid economy as world's growth slows down.

Yen last traded at 101.67 against the dollar, up a healthy 0.73% on the day, and after hitting a three-week high at 101.47, while Japan's Nikkei tumbles 244 points, or 1.47% to 16,391.

The dollar index, which tracks the greenback's performance against an array of six major counterparts, slid 0.41% to 95.36, almost touching a new three-week trough, while giving up 0.35% against the euro to 1.1202.

Crude prices tries to recover some of their recent hefty losses, with Brent futures up a meager 13 cents, or 0.31% to $42.27 a barrel, while U.S. crude futures added just seven cents, or 0.16% to $40.12 a barrel.

Investors await a basket of U.S. data later today, with personal spending expected to have risen 0.3% m/m in June, slowing down from May's 0.4% rise.

U.S. personal income on the other hand is forecast to have risen 0.3% m/m in June, accelerating from May's 0.2% rise, which would present a mixed bag for the greenback.

Latest news

Oil prices fell today, Wednesday, after the increase in crude inventories, which increases the fears of supply. Therefore, it is expected that US crude production will decline by 600 thousand barrels
07-2020 08 08:20:53

Corona virus infection in the United States of America reached its maximum, reaching two million, 840 thousand and 906 cases, according to the Centers for Disease Control yesterday, after it recorded
07-2020 06 00:36:17

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

More News

Logs

Advertisements