Australian Dollar declines to a 3-week low on rates cut

Source: Bloomberg

On Tuesday, the Australian Dollar decreased to a 3-week low versus the U.S. counterpart on an unexpected cut of interest rate by the Reserve Bank of Australia. The Aussie declined by 0.6% versus the greenback to trade at $1.0302 by 8:52 a.m. in London. Earlier, it touched $1.0292, which was the lowest since September 7.

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Tue, 02 Oct 2012 10:33:42 GMT

Copper falls, ending a three day rally

On Tuesday, prices for copper eased, following a three-day growing streak on holidays in China, a top consumer of the metal. Three-month copper eased 0.40% on the London Metal Exchange to trade at $8,266.50 per tonne at 08:12 a.m. London time, which partly reversed gains from the preceding session, when it edged 1% higher.

Tue, 02 Oct 2012 10:06:43 GMT

Yields on Treasuries are 0.25% higher than a record low

On Tuesday, 10-year Treasuries were higher for the third consecutive day, amid speculation that reports will show that the U.S. unemployment is not decreasing, which may possibly lead to an increase of bond purchases by the Federal Reserve. Yields on benchmark 10-year notes declined 1 basis point and reached 1.62% by 8:28 a.m. in London.

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