Aussie declines on curtailing demand for higher-yielding assets

Source: Bloomberg
The Australian Dollar headed towards 5-day loss before the U.S unemployment report, which might show that employers failed to lower the jobless rate, thus curtailing demand for higher-yielding assets. The Aussie lost 0.1% to 81.84, while declining from $1.0465 to $1.0465 against the US Dollar. On the contrary, the Kiwi gained 0.3% to 81.26 US cents and 0.2% to 63.53 Yen.
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Fri, 03 Aug 2012 08:04:58 GMT

Euro falls versus its major peers on ECB decision

The common currency weakened against most of its major counterparts after the ECB President Mario Draghi did not offer sufficient steps to curb the Eurozone debt crisis. The Euro lost 0.6% dropping to 95.30 Yen and fell 0.4% to $1.2180. The Pound rose for the first time in 3 days against the Euro after the BOE decided to keep its

Fri, 03 Aug 2012 15:55:10 GMT

Wall Street slumped on Draghi's comments

Wall Street fell on Thursday as the ECB announced no plan of action to address Eurozone's debt crisis. The Dow Jones Industrial Index dropped 0.7 per cent, to 12,886.52; the S&P 500 Index tumbled 0.7%, to 1,366.50, and the Nasdaq Composite declined by 0.1 per cent, to 2,917.17. Meanwhile, the ECB is planning to cooperate with governments in bond-purchasing program in order to stimulate Eurozone's economy,

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