Australian Dollar reverse weekly advance

Source: Bloomberg
The Aussie dropped versus almost all of its most-traded counterparts as traders speculated that country's central bank could cut interest rates as early as next month. The Australian Dollar slid 0.2% to 91.74 U.S. cents at 4:40 p.m. Sydney time; however, it has gained 1.2% weekly. The New Zealand's currency rose 0.1% to 78.62 U.S. cents and it is headed for 2% weekly climb.
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Fri, 12 Jul 2013 10:32:08 GMT

European shares continue its streak of gains

European shares climbed for a fifth straight day as the officials around world will keep monetary stimulus policies. The Stoxx 600 Index gained 0.3% to 297.30 as of 8:08 a.m. London time and is headed for longest advance since April, while Standard & Poor's 500 Index futures fell 0.1% after the equity-benchmark soared to a record high on Thursday. The

Fri, 12 Jul 2013 10:03:05 GMT

S&P raises outlook for Ireland

S&P changed its outlook on Ireland's government's credit rating from stable to positive, claiming that the government might exceed its target for debt reduction amid economic recovery. The agency said that there is 1/3 chance that the rating will be increased in the upcoming two years. S&P expect sovereign debt to peak at 122% of GDP this year and decrease

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