Loonie advances before Fed's policy meeting

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Source: Bloomberg
The Canadian Dollar rose to a 13-month high against the U.S. peer amid optimism measures taken by policymakers in Europe and the U.S. will reduce volatility. The Loonie strengthened for a fourth straight day ahead of policy meeting of the Fed. Canada's currency gained 0.5% to 97.30 cents per U.S. Dollar. One Canada's Dollar buys $1.02775.  
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Wed, 12 Sep 2012 06:49:48 GMT

Hong Kong stocks continue rally

Hong Kong stocks opened significantly higher on Wednesday, getting on path to 5th rally day, as Chinese premier announced the country will face its expansion target for 2012, and as stronger closing on Wall Street supported sentiment. The Hang Seng Index surged 1% to 20,061.57 and the Hang Seng China Enterprises Index rallied 1.4% to 9,507.04.

Wed, 12 Sep 2012 08:24:47 GMT

Greenback falls ahead of Fed's meeting

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%

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