Asian currencies rise on Fed's comments

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Source: Bloomberg
© Scanpix/Reuters
Asian currencies gain after the Fed indicated it is not planning to cut its stimulus earlier and that highly accomodative policies will be necessary. The Bloomberg-JPMorgan Asian Dollar Index jumped 0.7% this week, however, it is still 1.1% below its level on May 22 when Bernanke said that the Fed might taper its QE.
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Fri, 12 Jul 2013 07:35:08 GMT

Treasuries rise after Bernanke's speech

Treasuries gained, heading towards the biggest weekly drop in yields in 13 months after the Fed indicated that it will not taper its monetary stimulus. The yield on 10-year Treasuries dropped 1 basis point to 2.56% so far today, while it decreased 18 basis points this week, the biggest decrease since June 1, 2012. Treasuries have lost 3.6% this year.

Fri, 12 Jul 2013 06:54:06 GMT

Copper advances to 3-week high on expectation for monetary stimulus

Copper reached highest level in three weeks amid speculation the Federal Reserves and the People's Bank of China will continue monetary expansion. Copper futures for September settlement advanced 2.3% to $3.161 per pound as of 11:10 a.m. on the Comex in New York as China and the U.S., the largest metal consumers in the globe, maintain dovish stance.

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