Press Review: Dollar Advances as OPEC Output Freeze Seen Hurting Euro, Aussie

REUTERS

Japan inflation slows in October, highlights challenge facing Abe

(Reuters) - Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan.

"Inflation could continue to slow because oil prices are falling," said Hidenobu Tokuda, senior economist at Mizuho Research Institute. "Other data show the economy is recovering, but this is not really because of Abe's policies."

Source: http://www.reuters.com/article/2014/11/28/us-japan-economy-idUSKCN0JC08Y20141128

BLOOMBERG

Dollar Advances as OPEC Output Freeze Seen Hurting Euro, Aussie

The dollar rose against all 16 of its major peers amid speculation OPEC's decision to keep oil output unchanged will stimulate the U.S. economy while weighing on the euro and commodity currencies.

The yen fell against the dollar for the first time in four days after a government report showed household spending dropped and inflation slowed. The 12-nation Organization of Petroleum Exporting Countries kept its output target at 30 million barrels a day even after the steepest slump in oil prices since the global recession. Australia's dollar declined with the Norwegian krone and Canadian dollar.

Source: http://www.bloomberg.com/news/2014-11-28/dollar-set-for-weekly-gain-on-u-s-outperformance-aussie-falls.html

REUTERS

Rouble hits record low after OPEC keeps output unchanged

Nov 27 (Reuters) - The rouble fell to record lows against the dollar and euro on Thursday after OPEC decided against cutting crude-oil output to boost flagging prices.

At 1710 GMT, the rouble was down around 2.6 percent against the dollar at 48.60 roubles per dollar and around 2.5 percent weaker against the euro at 60.69 roubles per euro.

It had earlier strengthened against both currencies in nervous trade before the OPEC meeting in Vienna, one of the most closely watched in years.

Source: http://www.reuters.com/article/2014/11/27/russia-markets-rouble-idUSL6N0TH0P920141127