Kiwi and Aussie move for weekly gains

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Source: Bloomberg
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The New Zealand and Australian currencies approached weekly gains on expectations global leaders will have to take more steps to stimulate growth and halt European debt turmoil. Aussie has climbed 1.1% this week and currently is trading at USD 1.0009. Kiwi has appreciated 1.7% on weekly basis and currently is trading at USD 0.7826. 
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Fri, 15 Jun 2012 07:27:46 GMT

Moody's downgrades several Dutch and Belgian banks

Five Dutch banks including Rabobank Nederland and ING Groep were downgraded by Moody's Investor Service on fears the recession and dependence on global markets makes lenders more vulnerable. Debt grade for ABN AMRO Bank NV, Rabobank Nederland, LeasePlan Corporation NV and ING were cut by two notches. Belgium largest insurer and bank KBC Groep NV also was reduced by two levels.  

Fri, 15 Jun 2012 07:01:46 GMT

Dollar weaker for the second session on easing hopes

The U.S. Dollar depreciated for the second straight day versus Euro and Japanese Yen on speculation slowing country's economy will put pressure on Federal Reserve officials to apply more measures to stimulated growth. The greenback gave up 0.2% against Yen to JPY 79.35 and fell 0.6% versus Euro to USD 1.2633.

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