Won drops to one-month low on stimulus

Source: Bloomberg
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 on the session.

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Wed, 13 Nov 2013 09:27:10 GMT

Treasuries gain before Yellen become Fed's Governor

U.S. Treasuries advanced on Wednesday before the future Federal Reserve Governor Janet Yellen faces a confirmation hearing on Thursday on speculation the central bank may keep the bond-purchases at current level in order to avoid an economic slowdown. The U.S. benchmark 10-year yields dropped two basis points to 2.75% by 6:53 a.m. London time.

Wed, 13 Nov 2013 08:58:29 GMT

Greenback falls against Yen on possible scale back

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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