Sterling drops third straight day against greenback

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Source: Bloomberg
The British Pound fell for a third straight day against the greenback after the Fed's Bernanke stated that U.S. officials could stop the monetary stimulus at the end of the next year. The Sterling depreciated 0.3% to $1.5433 as of 7:46 a.m. in London after slipping to $1.5427, the weakest since June 6. The British currency was at 85.61 pence per Euro after reaching 85.91, the lowest since May 30.
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Thu, 20 Jun 2013 09:20:34 GMT

Australian Dollar reaches 3-year low amid China stagnation

Australian currency declined to the weakest level in three years against the U.S. Dollar as manufacturing dropped unexpectedly in China. The Aussie plummeted 0.5% to 92.53 against the greenback, after it fell 2% yesterday. Chinese manufacturing Purchasing Managers' Index decreased from 49.2 in May to 48.3 in June.

Thu, 20 Jun 2013 08:13:16 GMT

Asian shares retreat

Asian shares declined the most in almost 24 months on worries the Fed could scale back the monetary stimulus programme if the U.S. economy will continue to improve. The MSCI Asia Pacific Index fell 3.6% to 128.29 at 3:28 p.m. Tokyo time and is set for the biggest retreat since September 2011, while Japan's Topix index slid 1.3% and Nikkei

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