Aussie and Kiwi trades low ahead of Spain bond auction

Note: This section contains information in English only.
Source: Bloomberg
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The New Zealand and Australian Dollars kept trading lower after a two-session depreciation before Spanish bill sale on investor worries Euro Zone's debt crisis might be worsening. Australian currency traded at USD 1.0347 in Sydney session while the Kiwi traded at USD 0.8149. Currently AUD/USD is trading at 1.0348 and NZD/USD is trading at USD 0.8148.
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Wed, 02 May 2012 06:59:55 GMT

Romney denies Chinese progress on appreciation of Yuan

Mitt Romney announced that Yuan's 23% appreciation versus U.S. Dollar in last five years is not enough and branded world's second largest economy as currency manipulator. Romney promised in his campaigns to put more pressure on China as he claimed Obama hasn't done enough to boost stronger Yuan. Economists questioned by Bloomberg expected Yuan to climb versus greenback to CHY 6.15 by the

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