Euro depreciates on Greek worries

Source: Bloomberg
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17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30. 
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Mon, 06 Feb 2012 08:17:05 GMT

Australia's retail sales dropped in December

Retail sales in Australia unexpectedly slumped in December, making the first decline in 6 months as consumption on dining out and at grocers weakened. Australia retail sales fell 0.1% on a monthly basis, said Sydney Bureau of Statistics. Economists earlier predicted an increase of 0.2%. After report analysts expect a further benchmark interest rate reduction from Reserve Bank of Australia.

Mon, 06 Feb 2012 07:36:41 GMT

Indonesian economy expands most since 1996

Indonesian economy expanded in 2011, reaching record high pace since pre-Asian crisis period in 1996. Indonesia's annual GDP added 6.5% compared to predicted 6.44% growth. Indonesia has outperformed its neighbour countries including Philippines and Thailand. A rapid private consumption growth signals surging customer confidence despite global uncertainty, suggest Bank Danamon Indonesia's economists. 

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