Greenback loses as investors await Fed's decision

Source: Reuters
© Scanpix/Reuters
The U.S. Dollar loses 0.4% of its value against the Yen as investors await the decision by the Fed on its stimulus. The economic data releases in the U.S. gives a mixed picture of the condition of the economy, which might lead the Fed to not change its ultra-loose monetary policy. Investors, however, expect to get a hint on the potential date of unwinding as it would allow them to carefully set their trading limits.
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Thu, 20 Jun 2013 07:47:04 GMT

Loonie drops after Bernanke's testimony

The Canadian currency slipped as its U.S. counterpart appreciated against most of the major currencies after the Fed's Bernanke said that officials could start tapering the bond-buying programme at the end of this year. The Canadian Dollar depreciated 0.6% to C$1.0273 per U.S. Dollar as of 5 p.m. Toronto time after advancing 0.4%; moreover, it reached C$1.0287, the lowest level

Wed, 19 Jun 2013 14:47:08 GMT

Yen appreciates together with oil price

The Japanese Yen appreciated against the U.S. Dollar for the first time in three days. The currency increased against majority of its major peers and rose 0.2% to 95.12 per greenback, while oil price jumped 0.4% to USD 98.82 a barrel. The Topix index rose 1.9% following a surge in Japanese export in May, while MSCI Emerging Markets Index decreased

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