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Home NEWS July 2010 Euro dips vs dollar after German ZEW

Euro dips vs dollar after German ZEW

* Long liquidation in yen, Japan importer yen selling cited

* But yen drop on poll result seen likely to be short-lived

* Focus turning to U.S. corporate earnings

The yen eased on Monday after election results showed political uncertainty lay ahead for Japan, but the move was likely to be short-lived with attention turning the U.S. earnings season as a gauge of risk appetite.

Japan's ruling coalition, led by Prime Minister Naoto Kan's Democratic Party of Japan, lost its upper house majority over the weekend, putting Kan's policies to check the country's massive debt at risk.  Read more

 

News - July 2010