Dollar stays slightly lower versus Euro ahead of CPI report

Source: Bloomberg
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US Dollar traded modestly lower versus common currency on Thursday as nation's May retail sales declined and investors awaited for CPI report which is predicted to show that consumer prices also fell in May boosting the case for Fed to consider further stimulus. The greenback traded versus Euro at USD 1.2571 in Asian trade. Currently EUR/USD is trading at USD 1.2582.
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Thu, 14 Jun 2012 07:14:46 GMT

New Zealand leave key interest rate unchanged

The central bank of New Zealand today kept its benchmark interest rate at 2.5% and reduced its economic outlook for upcoming three years, basing its decision on weaker commodity prices. The Reserve Bank of New Zealand suggested it may maintain the low rates also in 2013 as slower economic growth weighs on inflation. 

Thu, 14 Jun 2012 06:52:43 GMT

Loonie edges lower on US growth concern

Canadian currency weakened versus its major peers on Wednesday boosted by concerns over the future expansion of its main trading partner's US economy. Loonie fell 0.4% versus greenback to CAD 1.0303 after data showed US retail sales contracted in May, a second straight month. 

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