The yen rose for a second day against the dollar in automated forex trading

Share |

The yen rose for a second day against the dollar in automated forex trading and the euro on concern the U.S. recovery is faltering and European banks’ stress tests will reveal loan losses, boosting demand for Japan’s currency as a refuge.

(I-Newswire) July 23, 2010 - The yen rose for a second day against the dollar in automated forex trading and the euro on concern the U.S. recovery is faltering and European banks’ stress tests will reveal loan losses, boosting demand for Japan’s currency as a refuge.

The yen climbed toward the strongest this year versus the greenback before U.S. reports today that economists said will show initial jobless claims rose and existing home sales declined.

The euro fell to a two-week low against the yen after European regulators asked the region’s biggest banks to detail their debt holdings from 30 countries, according to a template obtained by Bloomberg.

Asian stocks fell, dragging the MSCI Asia Pacific Index lower for the first time in three days, after Federal Reserve Chairman Ben S. Bernanke said the U.S. economic outlook remains “unusually uncertain.”

Canon Inc., a camera maker that gets about 27 percent of its revenue in the Americas, decreased 1.2 percent in Tokyo. Honda Motor Co., which generates 42 percent of its sales in North America, lost 1.1 percent. Samsung Electronics Co., Asia’s biggest maker of chips, flat screens and mobile phones, dropped 1.4 percent in Seoul.

The MSCI Asia Pacific Index fell 0.3 percent to 115.30 as of 11:53 a.m. in Tokyo, after rising 0.3 percent in the past two days. The gauge has slumped 11 percent from this year’s high on April 15 as Europe’s debt crisis and China’s steps to curb property prices fueled concern that global economic growth will slow. Speculation the U.S. economy will contract intensified as reports pointed to a retreat in manufacturing and home sales.

About Trade View Forex:
Tradeview Forex was founded on a very simple principle: No Compromises. Tradeview Forex provides top level service with top quality trading platforms. We believe in providing the absolute best service in the industry, which means 24 hour trade support and streamlined administrative procedures to ensure your needs are met with speed and accuracy. We also strive to provide leading edge trading technology so that you have a clear view of the market.

Company Contact Information
Trade View Forex
nancy
21 Chicherina Street, Suite 407
49006
Phone : 514-667-8465

Print Release

Share this News Release

Published in:

Business > Finance

Tags:

forex online trading CFD

Published on:

July 23, 2010

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter,make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.

Related Releases

Small Business Finance Institute To Feature "Thinking Outside the Bank" Program
Charles H. Green, Executive Director of Atlanta-based Small Business Finance Institute, recently announced the featured session for the 2nd “Stepping Up To Business” conference will be a program called “Thinking Outside the Bank.”

Emaar MGF Dwarka Expressway New Projects Gurgaon
Emaar MGF new residential project offering luxurious residential apartments with all basic facilities and specifications available at very attractive price points.

Numero Uno Takes Innovation To A New Level This Winter
Numero Uno one of the most ingeniously designed Jeanswear brand has been eminent for perfect fits, flair and quality.

New Designs For Real Estate Investing Websites Released
A real estate investing firm, www.RealEstateInvestorsWebsites.net, has released newly upgraded designs for their real estate investor websites. Real estate investors now have more designs to choose from as well as more customization choices to suit