Greenback falls ahead of Fed's meeting

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Source: Bloomberg
The U.S. Dollar fell to the lowest level in 4 months versus the Euro ahead of the Fed's two-day meeting on speculation it will launch asset-purchase programme to stimulate the nation's economy. The Dollar stayed lower against all of its major peers following a decrease yesterday after Moody's said it may cut the nation's Aaa rating. The greenback lost 0.2% to $1.2880 per 17-nation currency after touching a 4-month low of $1.2883. 
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Wed, 12 Sep 2012 06:49:48 GMT

Hong Kong stocks continue rally

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Tue, 11 Sep 2012 19:20:46 GMT

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On Tuesday, September 11, Moody's Investors Service warned that it may cut the U.S's AAA rating, if budget negotiations for 2013 do not result in policy measures, which will reduce the nation's debt. According to the Congressional Budget Office, the budget deficit is going to reach $1.1 trillion in 2012, down from $1.3 trillion in the preceding year.

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