Germany WPI grows unexpectedly

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Source: Market News International
Germany's Wholesale Price Index advanced unexpectedly rose to 0.3% in July from -1.1% in June, Destatis reported on Monday. Germany's WPI posted a 2.0% year-on-year rise, leading by 1.5% increase in oil products and solid fuels and 0.5% gain in fruits, vegetables, grains and seeds. In meantime, iron, steel, non-ferrous metals, data processing and household electrical items declined for less than 1%.
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Mon, 13 Aug 2012 08:10:24 GMT

NZD/USD drops on global growth concerns

On Monday, the Kiwi declined versus the U.S. Dollar as risk sentiment decreased on growing worries over global economic slowdown amid  Japan's diminishing GDP. NZD/USD touched 0.8099, and traded at 0.8105, falling 0.33%. Elsewhere, the New Zealand Dollar was steady, gaining 0.05% to 1.3013 versus the Aussie.

Mon, 13 Aug 2012 12:58:35 GMT

Aussie Dollar falls amid flagging demand for risky assets

The Australian Dollar declined versus almost all of its major peers as global economic downturn curtailed demand for high interest currencies. The Aussie Dollar fell 0.2% to $1.0556 and dropped to 82.63 Yen. The New Zealand Dollar lost 0.2% to 81.17 U.S. cents and 0.2% to 63.53 Yen. 

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