Aussie slightly lower ahead of Greek elections

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Source: Bloomberg
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The New Zealand Dollar and Australian Dollar modestly weakened against their major peers on Wednesday fuelled by worries the outcome of Greek elections may deepen European debt turmoil. Economists predict markets to be nervous until elections. Aussie gave up 0.1% to USD 0.9950 while Kiwi traded flat at USD 0.7769. Currently AUD/USD is trading at USD 0.9944 and NZD/USD is trading at USD 0.7767.   
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Wed, 13 Jun 2012 08:23:42 GMT

Germany reduces debt auction plan for 2012

German Chancellor Merkel's government reduced the amount of bills and bonds it plans to sell in 2012. Federal government plan to auction EUR 256.9 billion of debt instead of earlier set target at EUR 260.4 billion. Finance Ministry cut sales of notes with a maturity more than one year and added bonds with a shorter maturity of maximum 12 months. 

Wed, 13 Jun 2012 07:51:41 GMT

Esprit tumbles after CEO resigns

Esprit Holdings plunged to 15-year record low in Hong Kong morning trade after its CEO Ronald Van der Vis resigned. He is the second top executive that quits in 6 months. Esprit shares tumbled 21% to HKD 10.64 on Wednesday, the most since 1997. Van der Vis claimed he is resigning due to family and personal reasons. 

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