Dollar declines after minutes indicate Fed requires more job growth

Note: This section contains information in English only.
Source: Bloomberg
The U.S. Dollar retreated against most of its major counterparts as the Federal Reserve Chairman Ben Bernanke announced that inflation and unemployment rates indicate the U.S. economy still needs very accommodative quantitative easing programme. The greenback fell 1.1% to $1.3116 against the Euro and declined 1% to 98.73 versus the Japanese Yen.
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Thu, 11 Jul 2013 07:46:04 GMT

Bernanke willing to continue QE programme

The Fed's Chairman Bernanke is willing to continue with Quantitative Easing programme, even though the minutes of officials' June meeting indicated that they talked about winding down stimulus. The minutes from last meeting showed that approximately half of the FOMC participants wanted to start tapering by the end of this year.

Wed, 10 Jul 2013 18:40:07 GMT

Dollar Index declines as stocks drop commodities gain

The U.S. Dollar depreciated against six main trading partners as yen strengthens. The U.S. Dollar Index declined 0.5% to 84.16, dropping from yesterday's 3-year high. The S&P gauge decreased 0.2% after fluctuation before the release of the Fed's minutes. The S&P commodity gauge rose for a seventh straight day.

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