Asia stocks rise amid approval for Europe pact (AP)

By admin on December 12th, 2011

Traders talk as they work on the floor of the New York Stock Exchange December 9, 2011.     REUTERS/Andrew Burton (UNITED STATES - Tags: BUSINESS)AP – Asian stock markets rose Monday as investors cheered a new European fiscal pact aimed at fixing the region’s debt crisis and preventing a collapse of the euro currency.


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Trader Edward Curran, right, works on the floor of the New York Stock Exchange Monday, Dec. 5, 2011. Stocks rose broadly in early trading Monday on hopes for a plan to restore long-term confidence in the euro. (AP Photo/Richard Drew)AP – Asian stocks sank Tuesday after Standard and Poor’s warned 15 countries using the euro that it could downgrade their credit ratings. Skepticism over a new plan to prevent a breakup of the common currency also dragged markets lower.


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Market fears over Italy, Greece ease further (AP)

By admin on November 11th, 2011

A trader works on the main trading floor of the New York Stock Exchange November 10, 2011. REUTERS/Mike SegarAP – The prospect of new governments in Greece and Italy helped support market sentiment Friday, at the end of a hugely-volatile week when investors fretted over the future of the euro currency and the outlook for the global economy.


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A TV cameraman films monitor screens displaying abrupt surge of the U.S. dollar currency rate against the Japanese Yen traded on the Tokyo foreign exchange market at a dealing room in Tokyo Monday, Oct. 31, 2011 after Japanese monetary authorities intervened in the currency market to weaken the yen. Monday's action, confirmed by Finance Minister Jun Azumi, came after the Japanese currency had surged to a post-World War II high of 75.32 yen against the dollar earlier Monday. By 11:45 a.m., Tokyo time, the dollar has risen sharply to 79.19 yen. (AP Photo/Koji Sasahara)AP – Global stocks gave up some of their recent gains Monday amid concerns over Italy’s ability to get a handle on its colossal debt pile, while the yen slid in the wake of another attempt by the Japanese monetary authorities to weaken the currency.


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Hui Xian Real Estate Investment Trust Chairman and Non-Executive Director Kam Hing-lam, center, speaks during its first day of trading at the Hong Kong Stock Exchange in Hong Kong Friday, April 29, 2011. The first yuan-denominated securities to trade outside of mainland China made their debut in Hong Kong Friday in a landmark initial public offering as Beijing seeks to broaden the use of its currency. (AP Photo/Kin Cheung)AP – Investors responded coolly Friday to the first yuan-denominated initial public offering outside of mainland China that is seen as a major step in Beijing’s efforts to broaden the use of its currency.


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A monitor displaying the conversion rate of the U.S. dollar against the Japanese yen is shown at a foreign exchange firm on Thursday, March 17, 2011 in Tokyo, Japan. The dollar plunged to 76.53 Japanese yen late Wednesday in New York, falling far below the April 1995 low of 79.75 yen, as leaks of radioactivity from a stricken Japanese nuclear plant have deepened the Asian country's woes following last week's massive earthquake and tsunami. (AP Photo/Eugene Hoshiko)AP – A resilient performance by Japanese shares helped stocks in Europe and the U.S. Thursday, while the yen pulled back from a record high against the dollar amid expectations that finance chiefs from the world’s industrialized nations will discuss how to ease the currency’s rise.


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Dollar Advances, Yen drop

By admin on August 7th, 2009

The dollar advanced against the currencies of six major U.S. trading partners as a government report showed employers eliminated fewer jobs in July than economists forecast.

The yen dropped against all of its major counterparts as the payroll report indicated a recovery in the world’s largest economy, encouraging Japanese investors to buy higher-yielding assets overseas.

The dollar climbed 0.4 percent to $1.4283 per euro at 9:45 a.m. in New York, from $1.4345 yesterday. The U.S. currency gained 1.4 percent to 96.78 yen from 95.46. The euro advanced 1.3 percent to 138.25 yen from 136.94.

Futures on the Chicago Board of Trade indicated a 74 percent chance that the Fed will increase the target lending rate from its range of zero to 0.25 percent by its January meeting, compared with 66 percent odds a month ago.

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