Euro appreciates ahead of G-7 meeting

Source: Bloomberg
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The 17 nation currency advanced for a third straight session as finance ministers and governors of central banks gather in a meeting today to discuss European debt woe. Euro added 0.2% versus greenback to USD 1.2522 and gained 0.1% against Japanese Yen to JPY 98.06. Currently EUR/USD is trading at USD 1.2514 and EUR/JPY is trading at JPY 98.06. 
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Tue, 05 Jun 2012 07:00:16 GMT

US factory orders fell in April

US new factory orders dropped in April, indicating a fall for the second consecutive month. New orders for manufacturing goods declined by 0.6% in April as compared to a 2.1% decrease in the preceding month. Experts predicted new factory orders to rise by 0.1% in April. Disappointing factory orders data coupled with weak labour market added to worries that US

Tue, 05 Jun 2012 08:29:21 GMT

RBA reduces its interest rate

Reserve Bank of Australia lowered its key interest rate to the record low since 2009 on worries that debt trouble in Europe and slower China growth may harm nation's growth. RBA cut the rate from 3.75% to 3.5%. Australia faces an unemployment rate of 4.9% and its biggest companies suffer from a price decline in commodities markets. Aussie climbed 0.4%

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