Currency News - Part 467

US Dollar retreats against the Yen

May 14, 2013 10:04 am

The US dollar traded lower versus Japanese Yen today, as most investors took their profits. USD/JPY cross slided down to 101.27 during the Asian session, which is the pairs lowest level since Friday . Support levels were fixed around 100.51-53, while the resistance levels – at 102.12-14, which is the crosss highest since October 2008. […] Read more

Charles Plosser announced that inflationary slow down may not turn out to be a trouble for FED’s policy

May 14, 2013 8:38 am

The President of Federal Reserve Bank for Philadelphia Charles Plosser announced that the slow down in the US inflation to the lowest rate in three years may not be a concern for Federal Reserves policy, Bloomberg reported. Should inflation expectations begin to fall, we might need to take action to defend our inflation goal, but […] Read more

US Business Inventories without change on a monthly basis, retail sales unexpectedly rose

May 14, 2013 7:47 am

Business Inventories in the United States remained unchanged during March, at the amount of 1.270 trillion US dollars and mismatched the estimation of 0.3% increase. Additionally, it became clear, that the gross amount of US business sales declined at rate of 1.1% during March in confirmation of the uncertainty around economic recovery. Business Inventories data […] Read more

France’s economy is expected to mark an increase of 0.1% during Q2, Bank of France stated

May 13, 2013 2:35 pm

Bank of France has suggested, that Eurozones second economy is going to expand during Q2, as the major indicator, evaluating the business confidence in the countrys industrial segment has improved. The central banks forecast envisions that Frances economy is going to expand by 0.1%. The business confidence in industry has increased up to 94 points […] Read more