The U.S. dollar traded above 86 yen on Thursday for the first time since August 2010 on expectations that Japan’s new prime minister would push for policies to weaken the Japanese currency. Traders also cited option barriers being breached at the 86 yen level. The dollar rose as high as […]
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IMF projects 5% Inflation Rate for Jordan 2012
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund Wednesday said Jordan’s Inflation Rate is expected to be around five percent (5.0%) for the year. This is contained in a Press Statement by Kristina Kostial, the IMF Mission Chief for Jordan and made available to InvestAdvocate in Lagos Nigeria. […]
FOREX-Dollar slides in thin trading; yen weakens as well
The dollar skidded on Monday in thin trading as investors locked in profits ahead of the Christmas holiday, although losses could be limited by continued uncertainty about the ongoing U.S. budget talks to avert a toxic mix of higher taxes and spending cuts. The greenback tends to benefit as a […]
