U.S. Dollar rises amid speculation of maintained stimulus

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Source: Reuters
The U.S. Dollar strengthen on Tuesday traded close to the lowest level in nine months as investors bet the U.S. central bank may maintain its bond-purchase program into early next year on its 2-day policy meeting. The Dollar index measuring performance of the currency against its most-traded counterparts jumped to 79.388 traded near the lowest since February 1 at 78.998.

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Tue, 29 Oct 2013 10:11:03 GMT

Sterling depreciates before report of mortgage approvals

The Pound weakened 0.2% against the Dollar for a third day, before the Bank of England announces the mortgage approvals. The Sterling dropped 0.2% against the Eurozone's currency, thus reaching the lowest level in two months. So far the Pound has gained 3.1% in last three months, having the best performance among its major peers, while the Euro has advanced

Tue, 29 Oct 2013 09:49:04 GMT

Asian and Australian shares slip before Fed's meeting

Asian and Australian stocks declined on Tuesday as investors awaited results from U.S. reports and Fed's 2-day meeting suggesting further aggressive stimulus measures by the nation's central bank totalling $85 billion a month. Japan's Nikkei stock average slipped 0.5%, while he Australian shares index fell 0.5% from its five-year high recorded yesterday.

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