Forex | Forex Strategies | Yen Rallies on China's Disappointing Economic Data (12/08/2009 02:24:19)

Yen Rallies on China's Disappointing Economic Data

Yen Rallies on China's Disappointing Economic Data The greenback was lower versus the yen but higher against the commodity currencies on Tuesday as risk aversion increased. China’s economic data disappointed investors, pushing stocks and commodities lower. The S&P 500 fell 12.75 points to 994.35 ahead of Wednesday’s Federal Open Market Committee release. The Federal Reserve is expected to hold its monetary stance unchanged. It is still too early to raise interest rates or suggest such a


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