Aussie and Kiwi keep dropping ahead of Spain debt sale

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Source: Bloomberg
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The New Zealand and Australian dollars declined for the third day on worries European debt woe is harming investor demand for higher yielding assets. Aussie prolonged losses after RBA indicated it may lower interest rates in case inflation slows. Australia's currency lost 0.2% versus greenback to USD 1.0332 while Kiwi fell 0.5% to USD 0.8165. Currently AUD/USD is trading at USD 1.0316 and NZD/USD is trading at USD 0.8153.

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Tue, 17 Apr 2012 06:24:00 GMT

Loonie reaches 7-week low versus Yen

Canadian currency depreciated against the Japanese Yen on concern European debt turmoil may be regaining momentum, making less attractive the currencies of nations which produce and export raw materials. Loonie tumbled 1% versus Japanese currency to JPY 80.18 yesterday. Canadian Dollar traded almost flat against its US peer and traded at CAD 0.9994. Currently CAD/JPY is trading at JPY 80.40.   

Mon, 16 Apr 2012 16:30:06 GMT

German DAX rallies on car makers

German DAX index rose on Monday, lifted by carmakers. The index extended gains later in the session after US said its retail sales climbed more than predicted in March. BMW AG rallied 2.7%, Volkswagen AG surged 2.3% and Daimler AG appreciated 2.2%. Shares of BASF SE jumped 2% after HSBC lifted its stock from neutral  to overweight. On the downside

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