Australian Dollar falls to lowest level in five years

Source: Bloomberg
The Australian Dollar declined to the lowest level in five years versus its New Zealand counterpart after central bank's statement that they will maintain to loosen policy further. Australia's currency traded at 89.47 U.S. cents, after falling to 89.10 on December 13, lowest level since August 30. The Aussie depreciated 0.3% to NZ$1.08 at 5:18 p.m. Sydney time, after sliding to NZ$1.0786, the weakest in five years.
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Tue, 17 Dec 2013 14:33:05 GMT

Gold retreats in London ahead of Fed policy meeting

Gold dropped in London as the Fed starts its meeting today and officials may come to agreement, when to start scaling back its monetary stimulus programme. The Yellow metal for immediate delivery slid 0.2% to $1,238.33 an ounce as of 10:16 a.m. London time, while bullion for February delivery retreated 0.6% to $1,237.60 in New York on low volume.

Tue, 17 Dec 2013 13:40:04 GMT

Sterling pare gains versus greenback after U.K. inflation data

The British currency pared its gains versus the greenback after report indicated that U.K. consumer-price inflation slowed surprisingly in November, reaching the lowest level in approximately four years. The Sterling traded at $1.6302 as of 10:54 a.m. in London, after climbing 0.2%, while it dropped less than 0.1% to 84.47 pence per Euro after falling to 84.55 pence on Monday,

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