INQUIRER.net: Dollar firm as US Fed hints at stimulus tapering

INQUIRER.net Philippine News for Filipinos

Dollar firm as US Fed hints at stimulus tapering Jun 20th 2013, 03:08 TOKYO - The dollar held firm in Asia Thursday after rallying on comments by the head of the US Federal Reserve that it could begin to scale back its monetary easing program later this year.   In early trade the greenback bought 96.54 yen in Tokyo trade, a full yen higher than the previous day's Tokyo trading levels and up from 96.39 yen in New York late Wednesday.   The euro fell to $1.3272 from $1.3297 while it also bought 128.12 yen from 128.24 yen.   The dollar is likely to resume its upward trend against the yen in the coming weeks, said Daisaku Ueno, chief foreign-exchange strategist at Mitsubishi UFJ Morgan Stanley.   While the Fed's ... Keep on reading: Dollar firm as US Fed hints at stimulus tapering Media files: Britain-Economy_De-J.jpg (image/jpeg)

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