U.S. Dollar rises despite unfavourbale jobs data

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Source: Reuters
The U.S. Dollar inched higher on Monday rising towards the highest level since the end of January amid expectations that the U.S. Federal Reserve may trim its stimulus measures despite disappoint jobs data revealed on Friday. The U.S. Dollar Index measuring its performance against most-traded peers gained 0.1% to 80.735, up from its one-week trough of 80.599.

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Mon, 10 Feb 2014 08:48:05 GMT

Pound drops before BoE showed inflation report

The British Sterling declined on Monday snapping its two-day gain against its U.S. counterpart before the Bank of England revealed its outlook for the nation's economy and the consumer price index in the quarterly report published this week. The Pound fell 0.1% to $1.6403 as of 8:01 a.m. in London following an advanced by 0.6% in the last two sessions.

Mon, 10 Feb 2014 08:46:39 GMT

Asia stocks rise before Yellen testifies

The majority of Asian shares increased on Monday trading session after Wall Street remained stable despite disappointing U.S.  jobs data on Friday and as the new Federal Reserve Governor Janet Yellen testifies on Tuesday and Thursday expected to keep the monetary policy loosen. The MSCI Asia-Pacific gauge outside Japan rose 0.3%, while the Shanghai benchmark index added 1.7%.

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