Yen weakens on US data
Story link: Yen weakens on US data
The Japanese yen weakened Tuesday as good news from US retailers spurred investors to look for riskier investments among higher-yielding currencies.
US retail sales were up 2.7 percent in August; excluding auto sales, they were still up 1.1 percent in the month.
In afternoon trade in New York, the yen traded at ¥90.955 to the US dollar […]
USD weakens, rebounds after scare
Story link: USD weakens, rebounds after scare
The US dollar weakened Friday on decreased demand in favor of higher yielding currencies after a Reuters/University of Michigan survey showed US consumer sentiment at 70.2 in September, from 65.7 last month.
The rise in sentiment sent investors looking for riskier investments at the expense of the lower-yielding dollar.
However, the greenback gained back its decline versus […]
Pound sees gains on factory data
Story link: Pound sees gains on factory data
The pound saw gains Tuesday after an unexpectedly large rise in U.K. factory output in July while at the same time Germany’s industrial production dropped by 0.9 percent in July from June when analysts had predicted that Germany’s output would rise by 1.6 percent in July.
Factory output in the U.K. was up 0.9 percent in […]
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