Kiwi and Aussie appreciates on better-than-expected Chinese GDP data

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Source: Bloomberg
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New Zealand and Australian Dollar surged on Tuesday against the Greenback, reaching 2-month record high after China reported bigger-than-predicted increase in GDP. Investor sentiment improved on hopes growth will be sufficient to support Australia's and New Zealand's export demand. Aussie and Kiwi appreciated 0.6% against its US peer, reaching $1.0376 and $0.7980, respectively. AUD/USD currently is trading at $1.0394 while NZD/USD is trading at $0.7994.
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Tue, 17 Jan 2012 08:13:03 GMT

Loonie strengthens on US economic outlook

Canadian Dollar appreciated on Monday on investor hopes country's economy will benefit from improving US economic outlook. Loonie extended its eight week advance against Euro, and climbed 0.5% against US Dollar to C$1.0179 in Toronto evening trade. Currently USD/CAD is trading at C$1.0141. Bank of Canada is preparing to set interest rates tomorrow. Analysts expect bank's officials to hold benchmark

Tue, 17 Jan 2012 07:24:35 GMT

European shares climb on French bond auction

European equity markets surged and closed higher after France faced a successful bond sale, as its 10-year borrowing costs dropped despite S&P downgrade. Stoxx Europe 600 gained 0.8% and finished at 251.12, while French CAC 40 index jumped 0.9 and finished at 3,225. UK FTSE 100 added 0.4%, closing at 5,657.44 and German DAX rallied 1.3% to 6,220.01. 

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