18-11-2013 CURRENCY MARKET CLOSING WRAP In Currency Markets the dollar fell to the lowest level in more than a week amid bets Federal Reserve speakers will echo Chairman-nominee Janet Yellen in reiterating the need for monetary stimulus. The U.S. currency slid for a second day against the euro before remarks by New York Fed President William C. Dudley, a permanent voter on monetary policy, and peers Charles Plosser and Narayana Kocherlakota. Indias rupee and Brazils real led gains among emerging-market currencies as equities in Asia and Europe strengthened after China vowed to carry out the broadest expansion of economic freedom since at least the 1990s. The dollar fell 0.2 percent to $1.3521 per euro after touching $1.3542, also the weakest since Nov. 6. The U.S. currency dropped 0.1 percent to 100.05 yen after rising to 100.44 on Nov. 15, the strongest level since Sept. 11. Brazils real climbed 1.9 percent to 2.2714 per dollar, the largest increase since Sept. 18. The Aussie climbed 0.3 percent to 94.00 U.S. cents. Major News Release for 19-11-2013 (GMT+1): 1:30am- AUD Monetary Policy Meeting Minutes 11:00am- EUR German ZEW Economic Sentiment #Forex #Investment #Finance #TBBCView By Alin Puian for Instutrade Culled and adapted by: Oluwapelu for TBBC
Posted on: Mon, 18 Nov 2013 20:34:09 +0000
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