Shared currency falls on data

Source: Bloomberg
The shared currency fell on Wednesday, as BoE cut its growth forecast, and German exports and imports declined. The Euro erased 0.3 per cent to $1.2367, after rising to $1.2444 on Monday.  The single currency depreciated against the yen as well, by losing 0.5 per cent to 96.95 per yen. Meanwhile, the Swedish Krona advanced versus the Euro, and reached twelve-year high at 8.2546.
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Thu, 09 Aug 2012 06:23:14 GMT

Aussie strengthens against Kiwi

The Australian Dollar strengthened versus the New Zealand Dollar for a third day as data indicated Australia's payrolls picked up in July, whereas unemployment increased in New Zealand. The Aussie gained 0.4% to NZ$1.3021, after touching NZ$1.3028 earlier, the highest level since 26 July. Australia's Dollar climbed to $1.0613, the strongest level since 20 March, while the Kiwi declined 0.2%

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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