European Session – Yen up on profit-taking
Posted on December 11, 2013 at 1:30 pm GMTBoth the euro and the dollar lost ground against the Japanese yen during today’s European trading, as traders decided to book profits from some of the most profitable trades of 2013. The dollar fell 0.14% to trade at 102.58 as news of a budget deal in the United States were received in a positive manner by European stock markets. Earlier in the day, Asian markets finished lower. There was also speculation that the budget deal could push the Fed to [..]