Canadian Dollar advances as Fed maintains stimulus

Source: Bloomberg
The Canada's currency advanced against most of its 16 major peers after the chairman of Federal Reserve Ben S. Bernanke announced that the U.S. central bank will keep the stimulus, thus supporting its trade partner Canada. The so-called loonie jumped 0.2% versus the U.S. Dollar - the biggest rally in a week.
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Thu, 21 Nov 2013 10:38:04 GMT

Aussie close to two-month low on China manufacturing data

The Australian Dollar dropped 0.4% versus U.S. Dollar almost reaching the lowest level in two-months, after China's manufacturing contracted more than expected and the IMF said that the Australian Dollar looks overvalued by 10%. The Aussie tumbled 1.1% yesterday, the most in three moths, as the Fed signalled that the bond purchases might be soon reduced.

Thu, 21 Nov 2013 10:16:03 GMT

Yen weakens as yield gap increases

The Japanese Yen dropped 0.7% against the U.S. Dollar, thus reaching the lowest level in four-months, after the Federal Open Market Committee minutes hinted that the bond purchase might be slowed in the coming month. The Japan's currency also slumped 0.6% versus the shared currency, while this year the Yen has depreciated 12% versus its nine major peers.

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