Currency Note Worldwide

Japanese yen enjoys a respite

By Smart Currency November 26th, 2014

  • Tuesday saw the Japanese yen attempt to claim back some of its recent lost ground against the US dollar as it climbed just over a quarter of a percent. The yen has had an awful month against the US dollar so it will be hoping to maintain Tuesday’s momentum. The main driver of this movement was after a disappointing report on US consumer confidence, which was released on Tuesday afternoon. The official figures stated that the consumer confidence index fell to 88.7 this month, a long way off analysts’ expectations of an increase to 95.9 for November.
  • In a report released on Tuesday, Statistics Canada stated that retail sales rose 0.8% in September, up from the expected 0.6%. This strong retail sales data boosted the Canadian currency

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