Yen drops and Aussie advances after Abe Meets Obama

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Source: Bloomberg
The Yen debased versus all its major counterparts, while the Aussie surged as the Reserve Bank of Australia signaled that the bar is up for currency intervention and after Prime Minister of Japan Shinzo Abe met the U.S. President Barack Obama. The Japanese currency slid 0.2% to 93.32 per greenback, and dropped 0.4% to 123.29 versus the shared currency. The Euro climbed 0.2% to $1.3211, the weakest since January, while the Australian Dollar advanced versus all 16 major peers, surging 0.6% to $1.0312.

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Fri, 22 Feb 2013 07:13:04 GMT

Australian Dollar advance after Stevens indicates intervention bar high

The Aussie rallied as Governor of Reserve Bank Glenn Stevens indicated that the bar has increased for currency intervention and approved the present amount of borrowing costs. The currency increased 0.7% to $1.0314, whereas the so-called Kiwi gained 0.4% to 83.76 U.S. cents as a report depicted credit card spending soared for a third-straight month in January.

Fri, 22 Feb 2013 10:32:00 GMT

German equities bearish on Thursday

German stocks are trading in red on Thursday amid weak national data and concerns that the Fed may stop its bond-buying activities soon. German flash manufacturing PMI rose to 50.1 from 49.8 this month, missing estimates of 50.4. Moreover, German flash services PMI dropped to 54.1 in February from 55.7 in January. The DAX Index declined 1.76% and is currently

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