...
Wednesday, 20 November 2013
Forex - Yen weakens after BoJ keeps rates and JGB buying policy steady
The yen weakened against the dollar after the Bank of Japan unanimously on Thursday kept its benchmark interest rate at 0.10% as expected and said the domestic economy continues to recover moderately, though the global outlook remains uncertain.
USD/JPY traded at USD/JPY traded...
Fed Minutes: Tapering asset purchases possible in coming months
The Federal Reserve in its Oct. 29-30 monetary policy meeting said conditions warranting the need to taper the pace of its monthly asset purchases should arrive in the coming months, a sign the U.S. central bank saw more robust recovery around the corner though still far enough...
Forex - EUR/USD drops on advancing U.S. retail sales data, ECB news
The euro dropped against the dollar on Wednesday after official data revealed U.S. retail sales came in stronger than expected in October, which fueled optimism for a more robust holiday shopping season.
In U.S. trading on Wednesday, EUR/USD was down 0.61% at 1.3456,...
Global equities unmoved by Bernanke’s “no taper” speech
Global equities failed to register gains overnight despiteBernanke’s speech at the annual Dinner of the National Economists Club affirming that the Federal Reserve will not taper until such time when fundamental data – predominately, the labor market – improves on...
Forex - EUR/JPY drops on report ECB mulling negative rates
The euro fell from 4-year highs against the yen on Wednesday amid reports the European Central Bank is mulling the use of negative interest rates to ward off possible deflationary pressures.
In U.S. trading on Wednesday, EUR/JPY was down 0.73% at 134.57, up from a...
Posts
