Loonie advances before Bernanke testimony

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Agence France-Presse

The Canadian the currency snapped two days of declines versus U.S. Dollar on bets the Fed's Chairman Bernanke could state that they are in no rush to wind down monetary stimulus programme. Canada's currency strengthened 0.6% to C$1.0369 per U.S. Dollar as of 5 p.m. Toronto time and one Canadian Dollar buys 94.44 U.S. cents.

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Wed, 17 Jul 2013 09:05:10 GMT

Yen declines as investors expect Bernanke testimony

The Japanese currency declined versus its major counterparts, as investors were expecting the speech from the Federal Reserve Chairman Ben Bernanke on quantitative easing, which may provide signals on when the Fed plans to begin reducing its bond-buying programme. The Yen retreated 0.25% to 99.33 versus the greenback and dropped 0.18% to 130.54 versus the 17-nation currency.

Wed, 17 Jul 2013 08:20:05 GMT

Australian Dollar pares biggest two-day advance

The Aussie pared its biggest two straight day climb in almost two years on bets that the Australia's central bank might cut interest rates to the lowest level ever next month. The Australian Dollar dropped 0.3% to 92.29 U.S. cents at 3:11 p.m. Sydney time after it rose 2.3% two past days, while the Aussie was at 91.68 Yen. The

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