Greenback weakens on Obama's victory

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Source: Bloomberg
The U.S. Dollar fell on speculation Barack Obama's re-election victory will increase chances that the U.S. will keep the monetary stimulus measures, which tend to debase the nation's currency. The greenback lost 0.4% to $1.2861 per Euro as of 2:48 p.m. in Tokyo, after earlier rising 0.2%. The Dollar weakened 0.4% to 80.07 yen. 
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Wed, 07 Nov 2012 10:19:22 GMT

Aussie, kiwi strengthens on Obama's second term

Australia's Dollar strengthened versus the U.S. counterpart amid speculation U.S. President Barack Obama's re-election victory will increase chances of continued monetary stimulus by the Fed, which tends to weaken the U.S. Dollar. The Aussie rose 0.2% to $1.0451, following an earlier drop of 0.2%. The New Zealand Dollar gained 0.1% to 82.78 U.S. cents, after it falls 0.4%.

Wed, 07 Nov 2012 09:35:22 GMT

Asian shares gain on Obama's victory in presidential election

Asian stocks rallied after Barack Obama won the election. The MSCI Asia Pacific Index (MXAP) rose 0.6% on positive gauges of technology, telecommunications and materials companies, whereas futures on S&P 500 index lost 0.3%. The largest Japanese carmaker Nissan Motor Co. gained 4.1%, as orders improved amid Obama being re-elected. Chinese Communist party holds their meeting tomorrow to decide on next leader of the nation.

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