Yen vs Dollar:
The yen made inroads against the dollar and Euro after the bank of Japan chief indicated he was concerned about the impact of the week currency on the economy.
The Euro was trading water after getting a lift Monday from data showing German business confedence rose in November for the 1st time in last 7 months.
Tokyo Trading:
Tokyo rose 0.29 percent adding 50.11 point to finish at 17,407.62 while seoul was slightly higher gaining 1.67 point to 1,980.21 .
Traders largely look there foot of the pedal after Monday surge that came on the back of china surprise decision last week to slash interest for the first time in 2 years in a bid to kick start growth in the Asian economic power house.
Sydney:
Where Sydney shed 0.50 percent or 27.0 point to end at 5,334.8 while in the after noon Hong Kong was down 0.17 percent.
China Trading:
And Shangai rallied 1.37 percent or 34.72 points to close at 2,567.60.
According to Dow Jones Newswires :""The positive market hit from Friday,measure out of China looks to be very shot"".
German Economy:
The Downturn in German Economy has ground halt for the moment at least,, Ifo chief said in his statement. Inother forax trade the dollar was at 118.38 yen,up from 118.25 yen in US trade.
Oil prices were mixed before a closely watched meeting of the OPEC cartel,which will decide whether to cut output to prevent price falling further.
Gold was at $1,199,42 an ounce compared with 1,195.75 late Monday.
Whereas Wellington fell 0.53 percent or 29.01 points to 5,442.68.
0 comments:
Post a Comment