US Session – Dollar rallies against yen after US data
Posted on June 27, 2013 at 7:18 pm GMTThe dollar rallied sharply against the yen in the US session after data gave investors reason to change their expectations that the Fed will taper stimulus soon. The economic data on Thursday was not strong enough to end quantitative easing and most likely the fed’s bond buying stimulus measures will stay in place for the time being. Data showed consumer spending in the US rebounded in May and new applications for unemployment benefits fell last week, but the numbers did [..]