Archive for May 21st, 2013

New Overnight Developments Abroad - Daily Update

Weaker Yen and Pound

May 21, 2013

A day after suggesting the yen had fallen enough, Japanese Economics Minister Amari retreated, claiming no one really knows how far the yen’s downward correction will go. Sterling fell in response to lower-than-forecast British inflation in April.  The lower inflation drops, the greater becomes the Bank of England’s leeway to stimulate growth if that is […] More

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