Dollar weakens as Fed's QE tapering must wait

Source: WBP Online
The greenback depreciated versus most of its trading partners as the the Federal Reserve's idea of pulling back quantitative easing faded away as better economic data needed for such an action. Versus the Euro, the Dollar fell 0.33% to $1.3178 at 11:31 a.m. GMT. Against the Japanese Yen, it lost 0.68% to 99.92. The Sterling added 0.51% to $1.5339 versus the greenback.
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Mon, 22 Jul 2013 13:45:06 GMT

SNB's President: Swiss franc ceiling to remain the same

Swiss National Bank President Thomas Jordan revealed that he is not going to change a the Switzerland's currency ceiling of 1.2 against the common currency. The Swiss Franc was slightly changed at 1.2370 versus the Euro as of 2:07 p.m. in Zurich, while against the greenback the Franc was at 93.98 centimes. The Swiss Franc has declined 2.4% versus the

Mon, 22 Jul 2013 12:01:07 GMT

Asian equities advances after Abe won election

Asians stocks climbed after the Prime Minister of Japan Shinzo Abe won in upper-house election, giving him opportunities to make economic reforms. Abe's victory is considered as bullish for the country's economy and equities since nothing prevents the government's growth strategy. The MSCI Asia pacific gauge added 0.5% to 135.65 at 6:31 p.m. Tokyo time.

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