Yuan extends its monthly drop

Source: Reuters
The Chinese currency declined on Tuesday falling for the second straight day against the U.S. Dollar amid speculation that the region's economy may be slowing with highly indebted private sector becoming an issue for the economy. The Yuan was last traded at $6.1816 per U.S. Dollar falling by 0.4% after the PBOC increased the trading range over the weekend.

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Tue, 18 Mar 2014 13:23:45 GMT

German economic confidence worsens in March

Economic expectations index in the Europe's second largest economy worsen in the month of March on geopolitical tension in the Ukraine's Crimea, a report released by the Centre for European Economics Research/ZEW showed on Tuesday. According to the report, the country's economic confidence gauge slipped to a level of 46.6 in March compared to February's 55.7 points.

Tue, 18 Mar 2014 13:12:32 GMT

Asia's stocks gain before Fed's meeting today

The majority of Asian shares increased on Tuesday trading session with the Japanese benchmark stock index rebounding from the weakest level in six weeks before the U.S. Federal Reserve policy meeting today as safe-haven demand gains. The MSCI Asia-Pacific gauge outside Japan added 0.3% and the Japan's Nikkei 225 rose 0.9%.

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