Australian Dollar drops on concerns about China's slowdown

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Source: Bloomberg
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Australian currency fell on Tuesday amid investor speculations Chinese economic expansion is likely to slow, hampering demand for Australia's exports. Aussie slipped 0.4% versus greenback to USD 1.0567 in Sydney trade and gave up 0.3% against Yen to JPY 88.18. Meanwhile Kiwi dropped 0.3% against US Dollar to USD 0.8238 and edged lower also 0.2% versus Japanese currency to JPY 68.73.
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Tue, 20 Mar 2012 07:38:50 GMT

Euro Zone's current account surplus widened to 4.5 billion Euros in January

The current account surplus of the Euro Zone widened more than initially expected in January, reported the ECB. The Euro Zone's current account surplus widened to 4.5 billion Euros on a seasonally adjusted basis in January as compared to 3.4 billion Euros in December. Experts predicted the indicator to approach 4.3 billion Euros in January.

Tue, 20 Mar 2012 07:52:15 GMT

US Dollar climbs on Chinese economy worries

The greenback ascended versus most of its counterparts on news China's steel manufacturing is slowing, curbing demand for currencies dependent on Asian growth. US dollar climbed 0.3% versus Aussie to USD 1.0576 and advanced to against Japanese currency to JPY 83.43. Greenback traded USD 1.3236 per Euro. Currently EUR/USD is trading at USD 1.3236 and USD/JPY is trading at JPY 83.40.

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