Aussie weakens on higher Spanish borrowing costs

Source: Bloomberg
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The New Zealand and Australian Dollar depreciated versus greenback as surging Spanish yields fuelled investor worries about Europe outlook. Spain is holding bond auction tomorrow. Aussie shed 0.1% versus US Dollar to USD 1.0182 and Kiwi sank 0.4% to USD 0.7952. Currently AUD/USD is trading at 1.0187 and NZD/USD is trading 0.7953.
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Wed, 20 Jun 2012 07:23:00 GMT

Bank of England suggests inflation risks has diminished

The Bank of England announced the risks of excess inflation has eased in last few months and economy may be ready for another monetary stimulus as European debt turmoil harms UK. Data released yesterday showed inflation fell from 3.0% in April to 2.8% in May, a lowest CPI reading since December 2009.

Wed, 20 Jun 2012 06:51:00 GMT

Euro depreciates ahead of Spanish bond auction

The 17-nation currency weakened on Wednesday ahead of Spanish bill auction tomorrow as European officials keep struggling to tackle region's debt turmoil. Demand for Dollar was lower as investors awaited the results of Fed two day meeting which concludes today. Euro slipped 0.1% versus greenback to USD 1.2672. Currently EUR/USD is trading at 1.2675.

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