Argentina waits for market reaction after default

Source: Investing.com
For the second time in twelve years Argentina has defaulted. Argentina had until midnight, as a deadline for coupon payment concerning exchange bonds. Having failed to honour the debt, Argentina defaulted once again. However, this time the country remains solvent and it is a matter of how fast it will be sorted out. Argentina has foreign exchange reserves of 29 billion dollars.
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Thu, 31 Jul 2014 16:04:11 GMT

AUD/USD weakens on gloomy building approvals

The Aussie depreciated against the U.S. Dollar today, following the issue of the downbeat construction approvals data from Australia, however the Fed's latest statement restricted the Greenback growth. AUD/USD reached 0.9307 during the morning trade, but dropped 0.13% and consolidated at 0.9318. The building approvals in Australia slipped 5% last month as compared to the projected decline of only 2%.  

Thu, 31 Jul 2014 15:42:09 GMT

Russian stock bears get scorched by 29% rebound

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