Greenback falls against Yen on possible scale back

Source: Reuters
The U.S. currency declined on Wednesday but remained close to the strongest level in two months versus the Japanese Yen amid speculation that the Federal Reserve may trim its monetary bond-purchase program in December. The U.S. Dollar slipped 0.2% to 99.46 Yen following an increase to the highest level in two months on Tuesday at 99.80.

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Wed, 13 Nov 2013 09:16:37 GMT

Won drops to one-month low on stimulus

The South Korean currency decreased on Wednesday dropping to the weakest level in a month after demand for emerging-market currencies fell as the Federal Reserve representatives signaled that the stimulus may be trimmed as early as December. The Won weakened 0.1% to 1,072.53 per U.S. Dollar in Seoul following a slip to the lowest since October 10 at 1,074.20 earlier

Wed, 13 Nov 2013 08:47:06 GMT

Wall Street closes lower on stimulus scale back

U.S. stocks closed slightly lower on Tuesday trading session as rising government yields started debate over the Federal Reserve bond-buying program and its possible tapering after recent favourable economic data. The Dow Jones Industrial average fell 0.21% to 15,750.67, the Standard & Poor's 500 Index dipped 0.24% to 1,767.69 and the Nasdaq Composite Index added 0.13% to 3,919.92.

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