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Bloomberg (09/12) – The dollar
advanced for a second day against the yen before regional Federal
Reserve presidents speak amid speculation the U.S. central bank will
consider reducing monetary stimulus as early as next week.
St. Louis Fed President James Bullard, who has said policy makers could taper at this month’s meeting, and Dallas Fed President Richard Fisher will speak separately today. The euro reached a five-year high versus the yen before data forecast to show a pickup in industrial production in Germany, Europe’s largest economy. Australia’s dollar gained for a third day after China trade surplus increased to a four-year high. The dollar added 0.1 percent to 102.97 yen at 11:21 a.m. in Tokyo from Dec. 6, when it jumped 1.1 percent. It touched 103.38 on Dec. 3, the highest since May 23. The greenback was little changed at $1.3708 per euro from $1.3706 at the end of last week. The 17-nation currency gained 0.1 percent to 141.15 yen, after touching 141.55, the strongest since October 2008. The MSCI Asia Pacific Index of shares rose 0.8 percent, following a 0.9 percent jump for the MSCI World Index at the end of last week. |
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 10:48 AM
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