Asia currencies slide for a week after Fed stimulus damps spook markets

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Source: Bloomberg
Asian currencies declined this week, with Indian rupee reaching a record low, amid concern U.S. officials will taper bond-buying programme that has spurred inflows into emerging markets. The Philippine peso declined 1.4% to 42.850 against the Dollar and the rupee plummeted 1.2% to 57.78, and the South Korean currency slipped 1.2% to 1,130.40.
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Fri, 14 Jun 2013 10:03:03 GMT

Dollar Index drops

The Dollar Index slipped to its four-month low on bets that the Fed will not increase lending rates. The Dollar Index, which is used to monitor changes of the U.S. Dollar versus six major U.S. trade partners, dropped 0.3% to 80.674 after touching the lowest point since February 19. The Fed officials' next meeting is scheduled on June 18-19.

Fri, 14 Jun 2013 10:05:26 GMT

U.S. shares climb amid economic data, stimulus speculation

U.S. shares rose, with the Standard & Poor's 500 Index climbing the most since January, amid better-than-expected economic report and bets the Federal reserve will provide plans to keep record low interest rates. The S&P 500 advanced 1.5% to 1,636.36 and the Dow  Jones Industrial Average gained 1.2% to 15,176.08.

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