Aussie falls after CPI leaves room for lowering rates

Source: WBPonline
© Scanpix\AFP
The Australian currency declined, as new inflation report came in under forecasts, allowing the Reserve Bank of Australia to cut interest rates at the next meeting on August 6. The Australian Dollar retreated 0.34% to $0.9263 versus the greenback and contracted 0.25% to A$1.4259 versus the common currency. Yearly CPI declined to 2.4%, missing analysts estimates of 2.5%.
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Wed, 24 Jul 2013 08:17:07 GMT

Gold halts four-day rally

Gold snapped a four-day gain after its advance to the highest level in a month boosted investors' confidence to sell the yellow metal. Spot gold dropped 0.5% to $1,338.60 an ounce, and was at $1,341.51 as of 2:27 p.m. Singapore time, after climbing 5.4% in the last four days. Gold has rallied 8.7% in July and it is headed for

Wed, 24 Jul 2013 07:55:04 GMT

Loonie touches 1-month high as retail sales increase

The Canadian Dollar jumped to the strongest level in one month following data that indicated May retail sales advanced the most in three years, boosting bets the economy may be growing. The retail sales added 1.9%, topping economists estimates of 0.4%. The loonie gained 0.5% to C$1.0287 versus the U.S. Dollar. 

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