iBankCoin
Joined Nov 11, 2007
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Commodities Lead Asia Lower, Yen Gathers Strength as U.S. Cliff Talks Stall

“The yen strengthened for a second day and metals fell after U.S. manufacturing shrank and the budget standoff intensified. Japanese carmakers advanced after data showed American car sales rose to the highest level since 2008.

The yen advanced against all its major peers, adding 0.2 percent to 82.10 per dollar as of 11:28 a.m. in Tokyo. The euro traded near a six-week high against the greenback. Aluminum, copper and zinc declined at least 0.4 percent. Futures on the Standard & Poor’s 500 Index lost 0.3 percent, while the MSCI Asia Pacific Index (MXAP) fell 0.3 percent after yesterday closing at the highest level in seven months.”

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