Won rises modestly before Fed's meeting outcome

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Source: Bloomberg
© Scanpix/RS
The South Korean Won recorded a modest rise on Wednesday closing 0.6% from the strongest level in two years as investors awaited the outcome of the Federal Reserve two-day policy meeting suggesting continued stimulus. The Won traded at 1,060.30 per U.S. Dollar at close in Seoul following a gain to the strongest level since August 2011 at 1,054.35 on October 24.

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Wed, 30 Oct 2013 10:50:17 GMT

Australian new home sales accelerated on September

Australia's new home sales advanced in the month of September reaching the strongest level in more than two years and recording the fastest month-on-month increase since April 2012, the Housing Association reported on Wednesday. Total new home sales climbed 6.4% on a monthly basis in September after it gained 3.4% in the month before.

Wed, 30 Oct 2013 10:28:21 GMT

Loonie falls as BOC Governor admits stimulus

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