Bernanke stresses that economy will have to make expectations

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/New York Times
The Fed's Chairman Bernanke stated that the beginning of monetary stimulus tapering will be highly influenced by economic data. He said that the FOMC will respond to the data, meaning that if the economy will struggle they could remain the stimulus measures accommodative. The Treasury 10-year yield dropped 0.04% to 2.49% at 5 p.m. New York time.
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Thu, 18 Jul 2013 10:20:39 GMT

Australian Dollar declines following NBA survey, Bernanke's testimony

The Australian Dollar retreated for the second day against the U.S. Dollar on the testimony form the Federal Reserve Chairman Ben Bernanke. The Australian currency slipped even more as Australian business sentiment dropped back in June quarter. The Aussie fell 0.93% to $0.9153 against the greenback and depreciated 0.79% to $1.4316 against the Euro. 

Thu, 18 Jul 2013 10:33:05 GMT

Sterling depreciates versus U.S. Dollar ahead of U.K. retail-sales data

The Sterling declined for the first time in three days against the U.S. Dollar ahead of data that analysts said will indicate retail sales rose at a slower pace in the previous month. The Sterling weakened 0.3% to $1.5170 versus the Dollar and was at 88.37 against the Euro. Retail sales gained 0.3% in June, after jumping 2.1% in May.

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