Japan Vows Not to Devalue Yen (News: 20/05/16)

Today’s Press

  • Japanese Finance Minister Taro Aso on Friday reiterated his country”s commitment to refraining from competitive currency devaluation during a meeting of the Group of Seven finance ministers and central bank chiefs.

  • The dollar cruised to its third straight week of gains on Friday and stocks and commodity markets showed signs that they too might be able to handle another U.S. interest rate hike in the coming months.

  • The European Union plan to revive the bloc”s asset-backed securities (ABS) market should include public registers showing investors” positions and data on underlying assets, the lawmaker in charge of the plan pкoposed on Friday.

Forex Quotes:

  • USDJPY: 110.35
  • EURUSD: 1.1224

Indices:

  • S&P 500: 2,040.04
  • NASDAQ : 4,712.53

Source:: Japan Vows Not to Devalue Yen (News: 20/05/16)

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