31/03/2015 11:36:44 Free Membership Login

U.S. Dollar Rises As Sentiment Fades On Fiscal Cliff Concerns

Date : 12/31/2012 @ 3:44AM
Source : RTTF2
Stock : United States Dollar (B) VS Japanese Yen Spot (USD/JPY) (USDJPY)
Quote : 120.0655  -0.0645 (-0.05%) @ 11:21AM
United States Dollar vs Japanese share price Chart

U.S. Dollar Rises As Sentiment Fades On Fiscal Cliff Concerns

United States Dollar vs Japanese (FX:USDJPY)
Forex Chart

3 Years : From Mar 2012 to Mar 2015

Click Here for more United States Dollar vs Japanese Charts.

The U.S. dollar advanced against most major opponents on Monday as investor sentiment was weighed by the stalemate in U.S. budget negotiations.

The U.S. Senate will reconvene later in the day in its final attempt to reach a deal before the year-end deadline. Talks over weekend showed little progress as law makers are divided on income threshold for higher tax rates and taxation of large inherited estates, among other issues.

If no agreement is reached, approximately $600 billion in automatic tax increases and government spending cuts will take effect from January 1 that could push the world's biggest economy into recession.

The greenback is trading at 0.9164 against the franc, adding 0.34 percent from last week's close of 0.9133. The next upside target level for the greenback-franc pair is seen at 0.92.

Against the European single currency, the greenback advanced 0.33 percent to 1.3178, compared to Friday's New York session close of 1.3222. The greenback is likely to seek next resistance level at 1.31.

The greenback is trading at 86.11 against the yen, reversing from early Asian session's 4-day low of 85.76. If the greenback extends gain, it may break 86.5 level.

There are no major economic reports due in the European and New York sessions.

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 150331 11:36