Major Market Update The Dollar Index held a four-day gain amid prospects for the Federal Reserve to pare back bond buying as the economy strengthens. The Canadian dollar weakened beyond C$1.05 per U.S. dollar to reach its lowest point in almost two years on bets the U.S. currency will strengthen when the Federal Reserve ends monetary stimulus. 09935028511 The Australian dollar’s volatility against its U.S. peer was near the highest in 1 1/2 years as a cash squeeze in China will worsen, damped demand for higher-yielding assets Chinese bankers are reporting increased lending while fewer companies are taking out loans, an incongruity that helps explain the recent increase in borrowing costs, a private survey showed. Hungary’s central bank will probably cut its main interest rate to a record as policy makers seek to boost growth with the inflation rate near the lowest in almost 39 years
Posted on: Tue, 25 Jun 2013 05:23:11 +0000
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