Pound drops versus U.S. Dollar on speculation Fed to slow stimulus

Source: Bloomberg
© Scanpix/RS
The British Sterling decreased against the U.S. Dollar on Friday completing its weekly fall on speculation that the Federal Reserve may begin slowing its bond-buying program boosting demand for the U.S. currency. The Pound declined by 0.2% to $1.5244 at 7:50 a.m. in London following a drop to $1.5174 on May 15, the lowest level since April 4.

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Fri, 17 May 2013 10:27:03 GMT

Emerging-market stocks fall completing weekly drop

Emerging-market shares edged down on Friday pushing the regional benchmark index towards its first weekly drop in a month as material companies contracted and Philippine stocks decreased from historical high. The MSCI Emerging Market Index dropped 0.2% to 1,044.50 as of 1:47 p.m. Hong Kong time and it fell 0.6% this week.

Fri, 17 May 2013 10:16:03 GMT

Canada's Dollar rises versus U.S. Dollar amid less stimulus speculation

The Canadian currency depreciated against its U.S. counterpart for the fifth time out of six days after President of San Francisco Fed John Williams signaled that the central bank may slow its bond-buying program as the labour market improves. The so-called Loonie dropped 0.4% to C$1.0195 per U.S. Dollar as of 5 p.m. Toronto time after it reached C$1.0219 yesterday,

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