Aussie rises against counterparts as Fed damps tapering concerns

Source: Bloomberg
© Scanpix\AFP
The Australian currency advanced against most of its 16 major counterparts as expectations of tapering the Federal Reserve stimulus were curbed, boosting demand for higher-yielding bonds. The Aussie increased 0.5% to 92.19 against the U.S. currency and declined 0.1% to 92.21 versus the Yen. The New Zealand Dollar jumped 0.1% to 79.32 versus the greenback and fell 0.5% to 79.33 against the Yen.
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Mon, 22 Jul 2013 09:49:31 GMT

U.K. shares decline after four weeks of gains

U.K. shares decreased, after FTSE 100 Index advancing for four straight weeks in a row. The FTSE 100 retreated 14.9 points to 6,615.77. The FTSE All-Share Index slipped 0.2% and Ireland's ISEQ Index inched up about 0.1%. European shares remained flat, with the benchmark Stoxx Europe 600 Index near the highest level in seven weeks.

Mon, 22 Jul 2013 09:28:06 GMT

Yen jumps following Abe election win

The Japanese Yen appreciated as Shinzo Abe's LDP party won a majority in Sunday's upper house election and handed a mandate to Mr. Abe to continue with his plan for economic growth. The Japanese currency inched up 0.61% to 99.99 against the U.S. Dollar and climbed 0.46% to 131.55 versus the Euro, and 0.49% to 150.84 against the Sterling. 

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