Yen Slips Versus Other Majors [USD/JPY]
Wednesday, April 02, 2008 2:47:04 PM - The Japanese yen saw weakness against the other major currencies on Wednesday in New York. Traders considered data showing the monetary base in Japan was virtually unchanged in the month of March, the Bank of Japan said today, standing at 88.38 trillion yen.
Dollar Eases To Euro, Extends Gains Versus Yen After Jobs Report [EUR/USD]
Wednesday, April 02, 2008 2:29:36 PM - The dollar went back on the defensive versus the euro but extended its recent gains versus the yen on Wednesday, with traders reacting to data signalling resilience in the US jobs market.
Global Round-Up For Wednesday -- Bernanke Signals Economy May Contract In 1H 2008
Wednesday, April 02, 2008 2:06:00 PM - Federal Reserve Chairman Ben Bernanke took to Capitol Hill on Wednesday to deliver testimony`s on the US economy to a joint Congressional committee. Market watchers worldwide were seeking insights about the health of the world`s biggest economy and on the Fed`s role in brokering the takeover of Bear Stearns by rival JP Morgan Chase.
Sterling Gains Ground Versus Majors [GBP/USD]
Wednesday, April 02, 2008 11:21:54 AM - The sterling gained on the other major currencies on Wednesday in New York. The British currency was up for the day against the euro, dollar, yen and others. The statistical office Destatis said Tuesday that German retail sales declined 1.6% month-on-month in February, while economists had forecasted a 0.5% rise.
Europe Round Up - Producer Price Inflation Accelerates In Euro Zone
Wednesday, April 02, 2008 10:46:58 AM - A report on producer price inflation in the Euro zone was the major news on Wednesday. Outside Euro zone, several reports were released from the UK.
Factory Orders Fell More Than Expected In February
Wednesday, April 02, 2008 10:31:28 AM - Orders for manufactured goods fell more than economists had been excepting in February, according to a report released by the Department of Commerce on Wednesday, with orders for both durable and non-durable goods showing notable declines.
source:RTTNews.com
