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Thursday, December 26, 2013

Dollars to achieve a five -year low against the yen

Dollars to achieve a five -year low against the yen

The dollar rose against most major currencies on Thursday (Friday morning GMT ) , and rose to the highest level in five years against the yen due to the increasing difference in central bank policy U.S. and Japan .

The Bank of Japan ( BoJ ) , as published Xinhua , is expected to keep monetary policy ultra- loose monetary stimulus or even add . It said last week after a two-day meeting , they will maintain monetary easing measures to annual inflation steady at two percent .

On the other hand , the U.S. Federal Reserve last week announced a reduction in its asset purchase program of $ 85 billion of 10 billion U.S. dollars from January and it did not rule out further reductions in the coming months .

The dollar rose as high as 104.84 yen , hitting a five -year high last week and exceed 104.63 yen .

Lower trading volume on Thursday after most of the U.S. financial markets closed on Wednesday for the Christmas holiday and various markets in Europe and America remain closed on Thursday .

On the economic front , the number of Americans filing initial claims for unemployment benefits fell 42,000 became 338,000 in the week ending December 21 , the Labor Department said on Thursday .

However , the U.S. government bond yields 10 - year term of penetrating three percent for the first time since September , due to changing economic environment more secure , which limits the increase in the dollar .

In late New York trading , the euro rose to 1.3693 dollars from 1.3683 dollars in the previous session , and the British pound rose to 1.6421 dollars from 1.6397 dollars . The Australian dollar slipped to 0.8891 dollars from 0.8927 dollars .

The dollar bought 104.71 yen , from 104.27 yen higher than the previous session . The dollar rose to 0.8963 Swiss franc from 0.8954 Swiss franc and edged up to 1.0641 Canadian dollar from 1.0630 Canadian dollar .

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