FXHIGHWAY

 Breaking News

Yen plumbs one-month low after mixed data

News Date: 31/8/2016 04:57:07
 
Japan's yen tumbled to a one-month trough against the dollar after mixed data from Japan, as industrial production didn't change in July, missing expectations of 0.7% rise, while housing starts rose 8.9% in the month, beating forecasts of a 7.6% rise.

The Japanese currency last traded at 103.18 against the dollar, after hitting a month low at 103.34, down 0.20% on the day, but the dollar index was nonetheless own 0.08% due to losses against European currencies.

Japan's Nikkei index on the other hand surged nearly one percent, as the weaker yen buoys exporters' balance sheets, while the pan-European FTSEurofirst 300 index added 0.34% to 1,361.

Crude prices tumbled on Wednesday on oversupply worries, with Brent crude futures down 35 cents, or 0.72% to $48.37 a barrel, while U.S. crude futures shed 20 cents, or 0.43% to hover around $46.15 a barrel.

Investors wait for an array of data later, with crude oil inventories expected to have risen 1.1 million barrels last week, adding to the previous reading's 2.5M increase, which would be negative for oil prices.

U.s. pending home sales are forecast to have risen 0.7% m/m in July, easing besting June's 0.2% growth, which would be positive for the dollar.

Latest news

On Friday, oil prices continued to harvest more losses, retreating to the lowest levels, with the high rate of coronavirus infections in the United States of America, and due to fears of isolation an
07-2020 10 06:16:09

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

More News

Logs

Advertisements