Euro touches 7-week high on speculation over Fed's new bond-buying scheme

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Source: Reuters
The Euro touched the strongest level in seven weeks versus the U.S. Dollar on Wednesday, propped up by efforts to address the debt issues in Spain and Greece, whereas speculation over a fresh bond buying programme by the Fed weighs on the greenback. The Euro climbed to $1.3125, the highest since mid-October and last traded at $1.3110, up 0.15% from U.S. level.  
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Wed, 05 Dec 2012 07:09:34 GMT

Asian stocks reach 4-month high

Asian stocks rose to the highest level in four months on Wednesday, with Chinese equities climbing on hopes for stable economic growth. The MSCI Asia-Pacific Index excluding Japan gained 0.8%, Hong Kong shares added 1.5%, Australia's stocks jumped 0.4% and Japan's Nikkei Stock Average erased losses earlier to end up 0.4%. 

Wed, 05 Dec 2012 06:47:35 GMT

Fed is set to launch fresh bond-buying programme

The Fed is ready to launch a fresh bond-buying programme, during its meeting next week, evading monetary policy tightening to keep the fragile U.S. economy afloat on uncertainty over the fiscal year. It is expected that the central bank of the U.S. will announce $45 billion monthly asset purchase scheme, indicating it will keep on pumping money into the economy

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