Australian Dollar depreciates as Cyprus depresses sentiments

Source: Bloomberg
The Australian Dollar, also known as the Aussie, dropped by 0.5% to $1.0358 in the end of Sydney trading session on Monday. The Aussie erased two-day gains, as Cyprus increased concern that a new round of debt crisis in Europe will reduce demand for higher risk assets. Cypriot President ordered to take 5.8 billion Euros, a part of every bank account in Cyprus, to construct a bailout fund.
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Mon, 18 Mar 2013 07:12:08 GMT

Won drops close to a 6-month low on Cyprus news

The South Korean Won depreciated by 0.5% to 1,116.01 per U.S. Dollar in morning Seoul trading session on Monday. Earlier the currency touched a 1,119.05 level, which was the highest since 27th of September. The won edged lower, as investors took away their assets from emerging markets after Cyprus announced about a levy on bank deposits, threatening to deteriorate Europe's

Fri, 15 Mar 2013 20:12:07 GMT

Eurozone's labour costs growth eases in Q4

Labour costs per hour worked in the 17-nation bloc advanced by 1.3% on an annual basis in the last three months of 2012 mainly due to a slower pace of growth in wages, salaries and non-wage costs in the Q4, the Eurostat reported on Friday. Hourly wages and salaries increased 1.4% in the Q4, which was slower than a 2%

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