Australian Dollar close to 11-month low on Fed concern

Source: Bloomberg
© Scanpix/FP
The Australian Dollar was slightly changed at 96.45 U.S. cents in the second part of Sydney trading session on Tuesday. The pair is traded around an 11-month low, as investors expect to see improvements in U.S. consumer confidence and manufacturing indexes and still speculate about a tightening of monetary easing in the United States.
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Tue, 28 May 2013 10:30:46 GMT

Indian Rupee weakens to nine-month low

The Indian Rupee depreciated by 0.2% to 55.6750 per U.S. Dollar in the morning of Mumbai trading session on Tuesday. The Rupee slipped towards a nine-month low, as investors showed their preferences to purchase the U.S. Dollar on signs that the biggest world's economy is improving and is on the track of stable growth.

Tue, 28 May 2013 08:18:04 GMT

Taiwan will let insurers to invest in infrastructure projects

Taiwan will allow insurance companies to invest $3.3 billion in infrastructure projects in order to lift its export-dependent economy, as it was harmed by weakening global demand. The official 2013 growth forecast was cut from 3.59% to 2.4% due to decreasing demand for its tech exports in China and the U.S. It is expected that the plan will increase the

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