S&P raises outlook for Ireland

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Source: Bloomberg
© Scanpix/AP
S&P changed its outlook on Ireland's government's credit rating from stable to positive, claiming that the government might exceed its target for debt reduction amid economic recovery. The agency said that there is 1/3 chance that the rating will be increased in the upcoming two years. S&P expect sovereign debt to peak at 122% of GDP this year and decrease to 112% by 2016.
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Fri, 12 Jul 2013 10:21:08 GMT

Australian Dollar reverse weekly advance

The Aussie dropped versus almost all of its most-traded counterparts as traders speculated that country's central bank could cut interest rates as early as next month. The Australian Dollar slid 0.2% to 91.74 U.S. cents at 4:40 p.m. Sydney time; however, it has gained 1.2% weekly. The New Zealand's currency rose 0.1% to 78.62 U.S. cents and it is headed

Fri, 12 Jul 2013 08:44:04 GMT

U.S. Dollar headed for weekly retreat

The greenback is set for a weekly fall versus almost all of its most-traded peers as the Fed's officials' comments did not gave a clear monetary policy's outlook. The U.S. Dollar was at 99.03 Yen as of 6:41 a.m. London time from 98.96 on Thursday, when it reached 98.27, the lowest level since June 27 and it is headed for

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