Loonie weakens to three-year low as Fed scales back stimulus

Source: Bloomberg
Canada's currency dropped to a three-year low after the Fed winded down its economic stimulus programme as the officials stated that nation's economy has improved enough to start tapering. The Canadian Dollar slid 0.2% to C$1.0722 per U.S. Dollar as of 8:18 a.m., after it retreated to C$1.0728 earlier, the lowest level in three years.
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Thu, 19 Dec 2013 16:27:03 GMT

Irish economy rises the most since 2011

The economic growth in Ireland reached its highest pace in more than two years, as the GDP advanced 1.5% in the previous quarter on a quarterly basis. Therefore, the economy surged the most since Q1 of 2011. In April-June the GDP showed a 1% rise. Recently, Ireland exited a bailout program and investment to the country jumped 10.9%. Consumer spending

Thu, 19 Dec 2013 16:02:08 GMT

Gold falls to five-month low after Fed

Gold declined below $1,200 an ounce to the lowest level in five months as the Fed scaled back its monetary stimulus, trimming demand for safe-haven assets. The yellow metal for February delivery slipped 2.4% to $1,205.20 an ounce at 7:59 a.m. in New York, after sliding 3% to $1,198 an ounce. Bullion prices sank into a bear market in April

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