Bernanke willing to continue QE programme

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/NewYorkTimes
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.
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Thu, 11 Jul 2013 08:08:06 GMT

Loonie jumps for 3rd day as Fed considers slowing bond purchases

The Canadian currency advanced for the third day as the Federal Reserve meeting minutes indicated division among officials about the time frame for ending bond purchase programme. The Canada's Dollar inched up 0.6% to C$1.0465 versus the U.S. Dollar, adding to signs the loonie has jumped 1% in the last three months versus nine developed nations currencies.

Thu, 11 Jul 2013 07:34:08 GMT

Dollar declines after minutes indicate Fed requires more job growth

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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