Aussie strengthens against Kiwi

Source: Bloomberg
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% to 81.43 cents.  
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Thu, 09 Aug 2012 06:34:14 GMT

Swedish Krona is expected to reach record level versus Euro

The Swedish Krona is expected to reach a record level versus the common currency. The Krona will strengthen to 8.0480 per Euro, as Sweden is one of 12 countries with AAA rating ranked by 3 biggest credit-rating agencies. Its currency has been strengthening after becoming a haven from the Eurozone's debt turmoil. The Krona climbed 0.8% to 8.2732 per Euro

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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