RBA maintains easing bias

Source: Bloomberg
The central bank of Australia said it still has some space for monetary relieving if necessary. The Reserve Bank of Australia kept its key interest rate unchanged earlier this month. In case demand conditions worsen dramatically, current inflation outlook provides a scope for additional monetary easing, reported RBA in its latest meeting minutes. Australian Dollar slightly depreciated on the announcement. 
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Tue, 21 Feb 2012 07:44:53 GMT

China's money market rate drops on reserve requirement cut

China's key money market rate declined on investor speculation the liquidity will advance after government's decision to lower reserve requirement ratios. Seven day repurchase costs, an indicator of capital availability, gave up 49 points to 4.88%. The repurchase rates are likely to diminish further, said Dariusz Kowalczyk, Credit Agricole CIB's strategist in Hong Kong. 

Tue, 21 Feb 2012 07:21:52 GMT

Euro climbs as Greece receives second bailout package

17-nation currency appreciated against the Greenback and the Japanese Yen after European Finance Ministers approved the second rescue package for indebted Greece. Euro added 0.1% against its US peer to USD 1.3254 and strengthened 0.2% against Yen to JPY 105.62. Currently EUR/USD is trading at USD 1.3281 and EUR/JPY is trading at JPY 105.95.

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