US voted for duties on Vietnamese and Chinese goods

Note: This section contains information in English only.
Source: BBC
The Senate of the US voted for duties on subsidized goods from Vietnam and China. However, the US court is against such measures as it increases tensions between the US and China. Supporters claim that the move will protect US labour market. The bill is expected to be ratified by the House of Representatives and then to be signed by Barack Obama.

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Tue, 06 Mar 2012 08:05:19 GMT

Loonie falls on China's growth rate cut

Canadian Dollar declined against the greenback for a second straight day on news China lowered its economic growth expectations. Loonie depreciated 0.5% to CAD 0.9946. Canada's central bank is holding a meeting on March 8 to set benchmark interest rates and economists predict the bank to stick to current rate of 1%. Currently USD/CAD is trading at CAD 0.9951.

Tue, 06 Mar 2012 07:45:50 GMT

Aussie declines on RBA decision

Australian Dollar dropped to a two-week record low against its US peer on RBA announcement it will keep its key interest rate unchanged at 4.25% and left room for further easing if needed. Aussie fell against Greenback to USD 1.0621 and gave up 0.7% versus Japanese Yen to JPY 86.45. Kiwi also lost 0.7% versus US Dollar, reaching USD 0.8138.

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