Aussie advances as Fed to continue QE

Source: Bloomberg
© Scanpix/FP
The Australian Dollar gained as any hopes of Federal Reserve curbing quantitative easing in the near future were dismissed. The Aussie climbed 0.3% to 91.99 cents at 6:13 p.m. Sydney time, after gaining 1.4% last week. It declined 0.3% to 92.01 versus the Yen. Australian 10-year bond yield dropped two basis points to 3.65%.
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Mon, 22 Jul 2013 17:07:13 GMT

Yen higher after U.S. housing report

The Japanese Yen advanced after the Prime Minister Shinzo Abe won the upper house elections and weaker-than-expected U.S. housing resales data came out. The U.S. Dollar lost 1.02% against the Yen to 99.58 at 3:17 p.m. GMT. Versus the Pound, Japan's currency added 0.45% to 152.91, while against the common currency the Yen advanced 0.64% to 131.31.

Mon, 22 Jul 2013 16:01:06 GMT

Pound soars to a 1-month high on home sales data

British Pound continued to advance versus the greenback as the Prime Minister of U.K. said he may reduce taxes on recovering economy. U.S. housing resale data showed lower-than-expected results, giving additional boost to the currency's appreciation. Sterling rose 0.71% to $1.5369 against the greenback at 2:51 p.m. GMT and it slightly climbed against the Euro, by 0.2% to 0.8584.

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