The dollar moved higher against the yen on Wednesday as the prospect of more economic stimulus by China bolstered risk appetite and dampened demand for the safe haven yen. USD/JPY rose 0.74% to 120.70, off overnight lows of 119.8.Japan’s Nikkei posted the largest one day percentage gain in seven years on Wednesday after China’s finance ministry said late Tuesday that it would implement fresh measures to stimulate economic growth.Chinese equeties rallied as the announcement alleviated concerns over slowing growth, driving broader gains in regional equity markets and in commodity markets.The dollar was also higher against the euro, with EUR/USD dipping 0.17% to 1.1182.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.25% to 96.08.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5445 TARGET 1.5465 1.5495 SL 1.5415
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment