Evans: Fed will continue stimulus amid Shutdown

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
Charles Evans, Chicago Fed's President said on Thursday that the Federal Reserve will most likely continue its quantitative easing program, as the economic conditions in the country were slightly damaged during the Shutdown, but official GDP and other data will be available later. Analysts say that during the 16-day long Shutdown the economy lost $24 billion or 0.6% from its Q3 GDP growth.
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Fri, 18 Oct 2013 11:25:07 GMT

Loonie touches 2-week high on Fed stimulus optimism

The so-called loonie appreciated 0.4% to C$1.0289 per US Dollar at 5 pm in Toronto, reaching C$1.0281, the highest since September 30, amid optimism Federal Reserve will maintain monetary stimulus and delay any reductions, while borrowing limit and extended government funding deadlines are postponed until next year. The Australian currency is traded at 97.19 US cents.

Fri, 18 Oct 2013 11:03:26 GMT

Aussie rise to 4-month high on optimism Fed will maintain monetary stimulus

The Australian Dollar climbed yesterday to four-month high amid optimism the Federal Reserve will postpone shortening in monetary expansion.  The Aussie weakened 1% to 96.24 US cents at 11:27 in Sydney, after jumping to 1.7% , the highest weekly advance since period that ended on September 6.The Australian currency reached 96.47 yesterday, the highest since June 14.

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