Forex - Dollar, Yen Gain Amid U.S. Fiscal Cliff, Europe Concerns

Posted by Forexsq 1114 days ago (
img forexsq - The dollar and yen remained stronger against most major peers as investors sought refuge assets amid concern re-elected President Barack Obama and the U.S. Congress will struggle to avert the so-called fiscal cliff.

The euro traded near a two month-low ahead of a European Central Bank meeting today after ECB President Mario Draghi said Europe’s debt crisis is affecting Germany. A report today is forecast to show exports in Europe’s largest economy declined in September. The greenback remained weaker against the Japanese currency after Obama’s victory over Republican challenger Mitt Romney boosted expectations the Federal Reserve will maintain monetary stimulus. forex

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