29, December 2014:
The Japanese yen was down against the dollar by 0.52% off overnight
highs of 121.85, the strongest it has been since July 2007.
The US dollar came back strong after Friday data revealed that the US economy gained 321,000 jobs this November, more than the 225,000 job forecast earlier pronounced by economic analysts and so far the highest monthly increase in the last 3 years.
This latest data encouraged investors to move expectations forward for the first increase in US interest rates to mid-2015 from September 2015 prior to the release of the report.
On Monday, data showed that economic contractions in Japan in the 3rd quarter which were deeper that had been earlier estimated.
New data disclosed that the Japanese gross domestic product declined by an annual 1.9 percent more than initial estimates of 1.6% in decline. On a quarterly basis, the economy had declined by 0.5% from July to September and not by 0.4% as earlier indicated.
In another report, Chinese exports are shown to have risen by 4.7% in November compared to the same period last year, less than the expected 7.9% increase while its imports declined by 6.7% in the last year.
These findings fuelled concerns that the world’s 2nd largest economy may be slowing down.
The US dollar also scored gains against the Euro, with the exchange at 1.2283, off the 2-year low of 1.2248 in the last session.
The Euro’s weakened position came after Ewald Nowotny, European Central Bank Governing Council member warned on Monday that the single currency may be suffering from a massive weakening.
Nowotny also said that there is a strong possibility that the Euro zone inflation could go into a slowdown in the next months, with indications that all out quantitative easing may be in order.
The greenback, measured by the US Dollar Index against 6 major currencies, went down 0.10% to 89.29 after it earlier hit peaks of 89.57, its highest gain since March 2009.
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http://lanovainvestments.com/ is a website that offers multiple tips and tricks for managed forex accounts and your investment needs. lanovainvestments.com updates itself on bikweely basis.
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Naxxar NXR 2232
Malta, United states
The US dollar came back strong after Friday data revealed that the US economy gained 321,000 jobs this November, more than the 225,000 job forecast earlier pronounced by economic analysts and so far the highest monthly increase in the last 3 years.
This latest data encouraged investors to move expectations forward for the first increase in US interest rates to mid-2015 from September 2015 prior to the release of the report.
On Monday, data showed that economic contractions in Japan in the 3rd quarter which were deeper that had been earlier estimated.
New data disclosed that the Japanese gross domestic product declined by an annual 1.9 percent more than initial estimates of 1.6% in decline. On a quarterly basis, the economy had declined by 0.5% from July to September and not by 0.4% as earlier indicated.
In another report, Chinese exports are shown to have risen by 4.7% in November compared to the same period last year, less than the expected 7.9% increase while its imports declined by 6.7% in the last year.
These findings fuelled concerns that the world’s 2nd largest economy may be slowing down.
The US dollar also scored gains against the Euro, with the exchange at 1.2283, off the 2-year low of 1.2248 in the last session.
The Euro’s weakened position came after Ewald Nowotny, European Central Bank Governing Council member warned on Monday that the single currency may be suffering from a massive weakening.
Nowotny also said that there is a strong possibility that the Euro zone inflation could go into a slowdown in the next months, with indications that all out quantitative easing may be in order.
The greenback, measured by the US Dollar Index against 6 major currencies, went down 0.10% to 89.29 after it earlier hit peaks of 89.57, its highest gain since March 2009.
About lanovainvestments.com:
http://lanovainvestments.com/ is a website that offers multiple tips and tricks for managed forex accounts and your investment needs. lanovainvestments.com updates itself on bikweely basis.
For Media Contact:
Suite 25, 4.A
De Saavedra Street
Naxxar NXR 2232
Malta, United states
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