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Copper, Equities Rally as JPY Slumps

February, 13 2017
watermark Economic news

Asian stocks rallied across the globe as investors anticipated the release of data which will provide insights on the state of US consumer prices, as well as comments from certain Fed officials. Meanwhile, the Japanese yen dropped in value on Monday as a reaction to the surge in the value of the S&P 500 index last Friday. Chinese shares on the Hong Kong trading floor also recorded its highest winning streak in almost two months, while commodity producers received support from an increase in the value of both iron ore and copper.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.