Fed stays accommodative

Source: Bloomberg
© Scanpix/New York Times
The Federal Reserve stated that low inflation level could negatively impact the economic expansion and will continue with its bond-buying programme. According to the FOMC, in case the inflation remains below its 2% target for a longer term that could hamper the country's economic growth. The Fed's Chairman Bernanke and other officials said that the growth so far has been modest.
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Thu, 01 Aug 2013 08:40:06 GMT

Euro falls as Fed released meeting outcome, before ECB

The common currency declined versus the greenback, falling from the strongest level in one and a half months, when the Federal Reserve announced its monetary policy future. Markets now await for the interest rate decision from the European Central Bank. The Euro slipped 0.35% to $1.3254 versus the Dollar and jumped to 0.8752 versus the Sterling, and climbed 0.49% to

Thu, 01 Aug 2013 08:07:08 GMT

Australian Dollar reaches lowest in 3 years

The Australian Dollar reached the weakest level in approximately 36 months on speculations that the nation's central bank will cut interest rates the following week. Australia's currency fell 0.2% to 89.67 U.S. cents at 4:41 p.m. Sydney time, after slipping 0.6% to 89.27, the lowest since September 2010. The Kiwi slid 0.2% to 79.68 U.S. cents after depreciating 1.3% in

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