U.S. Dollar rises versus Yen on debt limit hopes

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Source: Reuters
© Scanpix/RS
The U.S. Dollar strengthened on Wednesday rising against the Japanese Yen as investors stayed optimistic about the new federal budget deal avoiding the country default before deadline on October 17. The so-called Greenback advanced 0.4% to 98.55 yen after it fell to 97.99 on yesterday's trading session, while it added 0.2% versus the Swiss Franc to 0.9144.

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Wed, 16 Oct 2013 08:46:04 GMT

U.S. stocks drop before Fitch places debt under negative watch

Wall Street decreased on Tuesday trading session before the U.S. government long-term foreign debt was place under negative watch and as investors weighed on continued debt limit debate showing no progress. The benchmark Dow Jones industrial average dropped 0.87% to 15,168.01, the Standard & Poor's 500 Index fell 0.71% to 1,698.06 and the Nasdaq Composite index slipped 0.56% to 3,794.01.

Wed, 16 Oct 2013 08:24:07 GMT

Asia's stocks drop as deadline for U.S. budget is drawing closer

Asian equities tumbled on Wednesday and were traded not far from the highest level in five months as investors hope for a deal in the U.S. federal debt limit talks between President Barack Obama and House Republicans before deadline on October 17. The MSCI Asia-Pacific Index outside Japan fell 0.2%, while Japan's Nikkei also dropped 0.2% and Australian and Honk

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