British currency declines against U.S. Dollar on bets Fed will stop stimulus

Note: This section contains information in English only.
Source: Bloomberg
The Pound depreciated 0.7% to $1.5933 as of 3:17 p.m. in London, following 1.4% decline this week versus the greenback, as signs of U.S. economic recovery provoked speculation the Fed will have to taper its monetary stimulus that lowers the currency value. Despite the fact that U.K. economy gradually expanding as well, it has no significant impact on the Pound's health.
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Fri, 01 Nov 2013 19:17:04 GMT

Asian economies gaining momentum on manufacturing gauge

Asian non-manufacturing index from China to South Korea strengthened on signs of economic recovery. China's PMI advanced to eighteen-month high and reached 55.4 point, comparing to 51.4 in September, surpassing economists' expectations, while GDP is estimated to grow 7.6% this year. Taiwan's PMI increased to 53 and Japan PMI rose to 54.2. High demand was also fueled by Fed monetary

Fri, 01 Nov 2013 18:44:03 GMT

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