TOKYO (Reuters) - Australian shares climbed to a five-year peak on Monday, drawing confidence from another record high on Wall Street as investors bet the Federal Reserve will put off winding back its cheap money policies until next year.
Many analysts think the Fed will be wary of scaling back its $85 billion-a-month bond-buying program until...
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Dollar, Euro Climb to 3-Week Highs Versus Yen on U.S. Debt Deal
The dollar and euro touched three-week highs versus the yen as Congress voted in favor of a deal to end a U.S. government shutdown and raise the debt limit, damping demand for haven assets.
The yen held losses from yesterday against its U.S. and European peers as Asian stocks rose. The greenback remained lower against higher-yielding...
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The odd reason gold rose on the Senate deal
Gold and silver enjoyed a quick bump after Senate leaders announced a deal on the debt ceiling and government shutdown, largely on the strength of short-covering.
Many thought that a catastrophic outcome that involved the U.S. hitting the debt ceiling was gold's best hope for a sustained move higher-which left some traders surprised by gold's positive...
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U.S. lawmakers begin last-ditch effort on debt ceiling
(Reuters) - The U.S. Senate prepared for a last ditch effort Wednesday to avoid a historic lapse in the government's borrowing authority, a breach that President Barack Obama has said could lead to default and deliver a damaging blow to the global economy.
After a day of stop-and-go negotiations, the top Democrat and Republican in the...
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