Yen dips in Asia after shocking GDP gains

Yen dips in Asia after shocking GDP gains

On Monday, the Japanese yen sagged in Asia after better that expected GDP led market participants to back off on recent revenues because tensions on the Korean peninsula are still monitored and after China data demonstrated some weakness.

China’s fixed-asset investment edged up 8.3%, versus a 8.6% profit observed in July on year along with industrial output that gained 6.4%, missing a 7.2% revenue observed, while retail sales inched up 10.4%, versus a 10.8% profit observed.

Japan's second quarter showed a sudden 4..0% surge on year because investment in plant as well as equipment raised market sentiment for the sixth straight quarter of expansion, as official data issued on Monday revealed for the fastest tempo of surge since January-March 2015.

The currency pair USD/JPY hit 109.36, soaring 0.16% after the report.

New Zealand posted its retail sales leapt 2% during the second quarter, far surpassing a 0.7% leap observed.

The currency pair NZD/USD reached 0.7311, sliding 0.11%.

Similar

US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera