Aussie drop on spending cuts concerns

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Source: Bloomberg
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Australian currency fell against most of its counterparts on Thursday after Wayne Swan, central bank's Treasurer announced nation's budget surplus target will call for spending cuts. Aussie lost 0.2% versus US Dollar to USD 1.0373 while Kiwi traded almost flat at USD 0.8170. Currently AUD/USD is trading at USD 1.0361 and NZD/USD is trading at USD 0.8161. 
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Thu, 29 Mar 2012 08:27:10 GMT

Yen appreciates on a drop in Asian markets

Japanese Yen advanced versus all of its peers as Asian shares fell on Thursday, stimulating demand for less risky assets. Yen prolonged its appreciation against US Dollar and climbed 0.2% to JPY 82.70. Japan's currency also added 0.2% versus 17-nation currency to JPY 110.15. Currently USD/JPY is trading at JPY 82.65 and EUR/JPY is trading at JPY 110.06.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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