Archive for July 11th, 2016

New Overnight Developments Abroad - Daily Update

Sharply Weaker Yen

July 11, 2016

The yen lost 2.1% against the dollar, notching its biggest daily decline in 11-1/2 weeks. ┬áThere has not been reported intervention, but Sunday’s upper house parliamentary election, won strongly by Prime Minister Abe’s LDP Party, clears the way for more aggressive macroeconomic stimulus there. Half of the 242 seats in Japan’s House of Councillors were […] More

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