Canadian Dollar drops on bets that Fed will remain stimulus

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Source: Bloomberg
The Canadian Dollar dropped 0.1% against the U.S. Dollar, thus reaching the lowest level in more than two months, after the chairman nominee of Federal Reserve, Janet Yellen, announced that the stimulus will remain unchanged until the U.S. economy improves. So far this year the so-called loonie has depreciated 2% versus nine major peers.
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Fri, 15 Nov 2013 09:03:08 GMT

Pound surges on U.K. prospects

The Pound surged 0.9% against the Japanese Yen, thus reaching the strongest level in four-years, after the growth of Asian nation's slowed and speculations appeared that U.K. economy will surpass its major peers. The Sterling also paired gains of 0.3% against the shared currency, after yesterday Pound jumped 0.6% on bets that U.K. might rise interest rates as the economy improves.

Fri, 15 Nov 2013 08:41:06 GMT

Wal-Mart cuts profit forecast as sales decline

Wal-Mart Stores Inc., the largest retailer in the world, trimmed its profit forecast for the current year, as the company struggles with declining number of low-income customers, while the profit dropped in Q3. According to the new prediction, earnings per share could decrease to $5.11 in 2013. Yesterday, Wal-Mart Stores Inc. equities added 0.23% to $79.08 per share during trading

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