Greenback rises versus Yen as Fed may scale back

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Source: Reuters
The U.S. currency held firm against the Japanese Yen on Tuesday and it is approaching a possible resistance level at 104.92 yen after the U.S. Federal Reserve signaled that it may cut its bond-purchasing program further on a policy meeting next week. The so-called Greenback added 0.5% to 104.65 yen and traded close to its one-week high reached on January 16.

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Tue, 21 Jan 2014 08:45:42 GMT

Pound rises before U.K. business confidence report

The British Sterling strengthened on Tuesday rising towards the highest level in two weeks against the euro-area currency before a report showed that business confidence in the United Kingdom jumped to the strongest level in twenty years in November-January quarter. The Pound added 0.1% to 82.44 pence a Euro by 7:43 a.m. in London.

Tue, 21 Jan 2014 08:29:04 GMT

Asia's stocks gain as Fed may scale back next week

The majority of Asian stocks increased on Tuesday trading session led by Japanese equities and as money rates in China eased after economic data from the U.S. signaled that the Federal Reserve may trim its stimulus as soon as next week. The MSCI Asia-Pacific gauge outside Japan advanced 0.5% as the benchmark Japan's stock index Nikkei 225 added 1.5%.

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