U.S. Dollar Strengthen to 5-Year High Versus Yen

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Source: Bloomberg

The greenback climbed for the second day versus the Yen, before the Fed releases minutes of the meeting in December specifying the intensity of stimulus reduction. The Dollar strengthened 0.4% to 104.98 against the Yen in London at 8:23 a.m. after hitting 105.44 on January 2, the five-year high. After the last meeting in December, the Fed decided to reduce its unprecedented monetary stimulus from $85 billion a month to $75 billion.

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Wed, 08 Jan 2014 09:44:26 GMT

Gold falls before Fed's minutes today

Gold declined on Wednesday as the U.S. Dollar held firm before the U.S. Federal Reserve released minutes from the last policy meeting suggesting that the country's central may continue to trim its stimulus measures. Bullion for January settlement fell 0.5% to $1,225.71 an ounce and traded at $1,226.62 as of 2:16 p.m. Singapore time.

Wed, 08 Jan 2014 10:39:09 GMT

Brent rises after survey showed growth of inventories

The European benchmark Brent crude gained on Wednesday trading session after a survey showed that stockpiles in the world's largest oil consumer, U.S., are forecast to have advanced by 2.5 million barrels last week. Brent for settlement next month rose 41 cents to $107.76 a barrel on the London's ICE Futures exchange.

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