Yen extends gains on Greek debt worries

Source: Bloomberg
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Japanese Yen kept appreciating versus its main counterparts on Wednesday as weaker Asian stock markets and investor lack of confidence about Greece's ability to finalize debt swap agreement bolstered demand for safer currency. The Yen strengthened against the Euro to JPY 106.01 in Asian trade and added 0.3% versus US Dollar to JPY 80.67. Currently EUR/JPY is trading at JPY 106.22 and USD/JPY is trading at JPY 80.77.
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Wed, 07 Mar 2012 07:53:35 GMT

Aussie declines while Kiwi gains

Australian currency dropped versus 14 out of 16 main counterparts on the government report showing country's GDP expanded two times less than expected. Aussie fell against Greenback to USD 1.0509 and slipped 0.3% versus Yen to JPY 85.16. In contrast Kiwi jumped 0.5% against its US peer to USD 0.8165 and gained 0.3% versus Yen to JPY 65.91. Currently AUD/USD

Wed, 07 Mar 2012 07:15:21 GMT

Australian GDP expanded less than expected in 4th quarter

Australian gross domestic product grew 0.4% in the last quarter of 2011 or half the pace analysts had predicted. The slowdown in Australia's housing market curbed consumption and reduced sovereign bond yields amid weakening Aussie. Economists surveyed by Bloomberg predicted a 0.8% gain in nation's growth. In the 4th quarter European debt crisis harmed Asian consumption of commodities and forced

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