Dollar weakens for third day against Euro before Bernanke speech

Source: Bloomberg
© Scanpix/FP
The U.S. Dollar was lower by 0.1% to 1.2923 per Euro by the midday trading session in Tokyo on Wednesday. The currency also depreciated 0.5% in last two days, as investors raised concern that Federal Reserve Chairman Ben Bernanake will maintain monetary stimulus and go in the line with Fed presidents from other regions, who officially annouced that bond buying should be kept further.
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Wed, 22 May 2013 11:56:04 GMT

Pound falls before BoE's minutes are published

The British Sterling dropped on Wednesday falling to the weakest level in four weeks versus the Euro before the Bank of England's minutes from this month's policy meeting were published today. The so-called Cable was little changed at 85.20 pence per Euro as of 7:37 a.m. London time following a declined to the lowest level since April 25 at 85.31

Wed, 22 May 2013 08:43:04 GMT

Gold fluctuates before Bernanke's speech in Congress

Gold fluctuated on Wednesday amid speculation that the Fed may scale back stimulus before the Federal Reserve Chairman Ben Bernanke testifies in the U.S. Congress today. Spot gold swung between gains and losses and was traded at $1,377.23 an ounce as of 10:52 a.m. Singapore time following an increase of 0.3% and an yesterday's drop by 1.3%.

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