Greenback rises before outcome of Fed's meeting

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Source: Reuters
© Scanpix/RS
The U.S. currency traded higher on Wednesday touching the highest level in a week against the majority of its most-traded peers as investors reduced short positions ahead of the result of the Fed two-day policy meeting. The U.S. Dollar index surged 0.1% to 79.648 following an earlier increase to the highest level since October 22 at 79.692.

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Wed, 30 Oct 2013 08:08:06 GMT

South Korean industrial output slips more than forecast in September

Industrial production in South Korea fell surprisingly in September recording the largest drop in a six-month period mainly due to a notable decline of carmakers hit by labour strikes, a report revealed by the Statistics Korea showed on Wednesday. The country's industrial output fell 2.1% on a sequential basis in September compared to a 0.4% drop preliminary projected.

Wed, 30 Oct 2013 07:37:03 GMT

U.S. shares rise as data suggesting stimulus

Wall Street jumped on Tuesday with the benchmark indexes Dow Jones and S&P 500 recording new all-time highs after a government data signaled that the Federal Reserve may keep the aggressive stimulus measures unchanged. The Dow Jones Industrial average climbed 111.42 points to 15,680.35 and the S&P 500 Index added 9.84 points to 1,771.95.

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