Aussie and Kiwi depreciate rapidly on European concerns

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Source: Bloomberg
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The New Zealand and Australian Dollars fell rapidly versus their US peer and Japanese Yen on Wednesday as lingering worries about European debt turmoil curbed demand for riskier assets. Aussie lost 0.6% against greenback to USD 1.0251 and fell 1.6% versus Yen to JPY 82.70 while Kiwi dropped 0.8% versus US Dollar to USD 0.8149 and plunged 1.8% against Japanese Yen to JPY 65.74. Currently AUD/USD is trading at USD 1.0293 and NZD/USD is trading at USD 0.8176.
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Wed, 11 Apr 2012 09:02:21 GMT

Alcoa unexpectedly reports profit for the 1st quarter

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