New Zealand and Australia Dollars depreciate

Source: Bloomberg
© Scanpix/Agence France-Presse
The New Zealand currency retreated after nation's Prime Minister John Key stated that the Kiwi is still overvalued and the officials would appreciate a decline in the currency. The New Zealand Dollar fell 0.2% to 80.71 U.S. cents at 5:13 p.m. Sydney time, snapping its 4.3% climb monthly. The Aussie slipped 0.1% to 92.46 U.S. cents after strengthening 2.3% through last two weeks.
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Mon, 29 Jul 2013 08:46:06 GMT

Euro declines before central bank meetings

The common currency dropped against the U.S. Dollar, as investors await policy meetings from the Federal Reserve, European Central Bank and Bank of England, and Monday's home sales data. The 17-nation currency dropped 0.06% to $1.3269 versus the U.S. Dollar and remained steady at 0.8627 versus the Sterling. 

Mon, 29 Jul 2013 08:23:07 GMT

Asian shares drop for fourth day amid Japan banks, China

Asian shares declined, with the regional benchmark index set for the fourth day of losses, as the Japanese Yen appreciated and lenders dropped. The MSCI Asia Pacific Index retreated 1.6% to 133.33. Japanese Topix and the benchmark Nikkei 225 Stock Average contracted 3.3%, the biggest falls since June 13. 

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