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Bloomberg, (23/7) -- The dollar fell
against the yen for a second day as traders pushed back expectations for
when the Federal Reserve will begin raising interest rates.
The U.S. currency was 0.2 percent from its weakest in a month versus the euro before data on home prices, following figures yesterday that showed residential sales unexpectedly fell. Fed Chairman Ben S. Bernanke told Congress last week that any reduction in stimulus would depend on the performance of the economy. Demand for the euro was supported ahead of data tomorrow forecast to show services and factory output in the region contracted at the slowest pace in more than a year. The dollar fell 0.2 percent to 99.48 yen as of 10:02 a.m. in Tokyo after yesterday losing 1 percent, the biggest decline since July 10. It traded little changed at $1.3189 per euro after yesterday touching $1.3218, the weakest since June 21. The yen rose 0.2 percent to 131.21 per euro. http://www.bloomberg.com/news/2013-07-22/dollar-falls-second-day-versus-yen-as-fed-tightening-bets-recede.html |
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:42 AM
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