U.S. Dollar falls before Fed's meeting

Source: Reuters
The U.S. Dollar declined on Monday falling towards the weakest level in seven weeks against the Japanese Yen after a sell-off on emerging markets continued before the U.S. Federal Reserve's policy meeting this week and as China's economic slow-down may continue as credit conditions tightened. The Greenback slipped to 101.77 yen, the least since December, and it last traded at 102.36.

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Mon, 27 Jan 2014 09:22:04 GMT

U.S. Fed is set to trim its bond purchases by $10 billion

The U.S. Federal Reserve is widely expected to shrink its monthly bond purchases known as quantitative easing on this week's policy meeting responding to an improvement in the country's economic conditions, however fueling sell-offs in emerging markets. The Fed's meeting is taking place between January 28-29 and it is forecast to result in stimulus cut by $10 billion a month.

Mon, 27 Jan 2014 08:38:09 GMT

Asia's stocks drop drag by emerging markets

Asian equities swung between gains and losses on Monday trading session with emerging-market shares falling before this week's policy meeting of the U.S. Federal Reserve possibly resulting in further cuts of its stimulus program and as China's credit conditions tightened. The MSCI broadest Asia-Pacific Index outside Japan dropped 1.5% to the weakest level in more than four months.

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