The yen traded to its weakest level in Forex trading online...

The yen traded to its weakest level in Forex Trading Online this week against the US dollar. Gains in stocks increased demand for higher-yielding assets; additional the announcement of Japan’s Social Democratic Party left the coalition government created uncertainty in Japan.
The Japanese currency declined earlier after a poll showed more than half the nation’s voters want Prime Minister Yukio Hatoyama to resign from a continued government. As we mentioned on this blog, the yen rose against all 16 most- traded peers this month as Europe’s credit crisis drove investors to the “safest assets”.
The Canadian dollar advanced as a report showed the country’s economy expanded at a fast in the first quarter, the biggest increase in more than 10 years. Euro headed for its biggest monthly drop since January 2009.

Was this helpful? 0 0 Comments

You're reading The yen traded to its weakest level in Forex trading online....