Fed scales back further after 2-day policy meeting

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Source: RTT News
The U.S. Federal Reserve announced on Wednesday it will reduce its massive bond purchases further as originally expected after the economy showed some favourable results, the Fed published in a statement from its two-day policy meeting yesterday. Fed reduces the stimulus by $10 billion a month totaling $65 billion of bond purchases a month.

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Thu, 30 Jan 2014 09:04:03 GMT

Australian export prices drop in Q4

Australian export prices declined in the last quarter of 2013 in comparison to the prior quarter and the prices decreased at a faster rate than originally expected, a report published by the National Bureau of Statistics showed on Thursday. Australia's export prices fell 0.5% in the Q4 after they climbed 4.2% in the Q3, while the prices were forecast to

Thu, 30 Jan 2014 08:42:06 GMT

Yen firm versus Greenback as Fed scales back

The Japanese Yen held steady on Thursday against its U.S. counterpart after dropping in the previous session as investors started purchasing the currency as safe-haven and after the U.S. Federal Reserve announced it will scale back its stimulus measures. The Yen gained versus the U.S. Dollar to a level of 102.13 yen after falling 0.7% in the prior session.

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