Australian Dollar jumps on central bank decision

Source: Bloomberg
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Australian national currency surged after the Reserve Bank of Australia announced it will stick to previous key interest rates, signalling optimism towards worldwide economic outlook. Aussie appreciated 0.7% against US Dollar, reaching USD 1.0800 and gained 0.9% to Japanese Yen, hitting JPY 82.83. Kiwi was little changed at USD 0.8337. Currently AUD/USD is trading at USD 1.0801 while NZD/USD is trading at USD 0.8337.
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Tue, 07 Feb 2012 08:04:08 GMT

European stocks disrupt gains on Greek woes

After a successful performance on Friday, European share markets closed down on Monday as Greece's officials failed to conclude nation's debt swap agreement. Stoxx Europe 600 lost 0.1%, German Dax index traded close to flat, giving up only 0.03%. UK FTSE 100 index slipped 0.2% and French CAC 40 index tumbled 0.7%. 

Tue, 07 Feb 2012 14:35:31 GMT

India forecasts weakest growth since 2009

The government of India predicted the nation's economy will expand at slowest pace in three years, putting extra pressure on Reserve Bank of India to cut interest rates. Government predicts annual GDP to increase by 6.9% starting from March. India's economy grew 8.4% in period 2010-2011. The growth slowed down after central bank raised benchmark rates starting from 2010 until October 2011. 

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