On Monday, the US dollar index plunged from 96.40 to 95.70.
37th straight current account surplus for July is reported by Japan
Japan reported a 37th consecutive monthly current account surplus for July, according to a Reuters survey on Friday. It actually reflects a supposed ascend in income from overseas investments.
The survey of 19 experts predicts a current account surplus of approximately 2 trillion Japanese yen in July from June’s outcome of 935 billion yen.
Chief economist at Norinchukin Research Institute, Takeshi Minami told that Japan will probably maintain a current account surplus in 2017 due to more favorable economic conditions overseas.
Interest rates as well as stock prices overseas surpass those of Japan. That’s why interest revenue and also investment income are supposed to go up.
The finance ministry is going to disclose the data soon on Friday.
Apparently, Japan's trade as well as current account surpluses have been heavily criticized by Donald Trump in his "America First" campaign.
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
5 important things you need to know about this week!
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…