Dollar, Yen Fall on Signs of Manufacturing Growth (Bloomberg March 1 2012)

March 1st 2012, Monami Yui & Masaki Kondo, Bloomberg.com

Due to the U.S. manufacturing index rising, the dollar and yen weakened today (Yui & Kondo, 2012).

After the drop, Japanese companies' capital spending jumped by the most in almost five years causing higher-yielding currencies such as the Australian and New Zealand Dollar to rise.

Australia’s dollar gained 0.3 percent to 87.34 yen and climbed 0.2 percent to $1.0758. New Zealand’s currency added 0.3 percent to 67.88 yen. It bought 83.63 U.S. cents, 0.3 percent higher than its close yesterday (Bloomberg.com 2012). 


To read the full article, click here: http://www.bloomberg.com/news/2012-02-29/euro-remains-lower-before-european-union-leaders-meet-on-crisis-ism-data.html