Aussie and Kiwi depreciate amid Kim's death and forthcoming RBA meeting

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Source: Bloomberg
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The Australian national currency dropped against 15 out of its 16 main peers ahead of Reserve Bank's meeting minutes. Both Aussie and Kiwi also experienced downward pressure from concerns over Europe and North Korea's leader Kim Jong-il's death. Australian Dollar lost 0.7%, reaching $0.9911 while its New Zealand's counterpart fell 0.5% to $0.7579. AUD/USD currently is trading at $0.9941 while NZD/USD is trading at $0.7603.

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Mon, 19 Dec 2011 08:43:45 GMT

Australian bonds climb on concerns over eurozone

Australian sovereign bills appreciated on Monday, driving the borrowing costs for 10-year notes and reaching record low on increasing concern, Europe will face many difficulties to overcome debt crisis. Yields for 10-year bonds lost 7 b.p., or 0.07 p.p. reaching 3.718% in Sydney morning trade. 

Mon, 19 Dec 2011 08:41:36 GMT

EU ministers to seek additional funding

Today European officials are holding a meeting to discuss additional funding valued at 200 bn euros ($261 billion) through IMF as well as consider mechanisms for implementing fiscal tightening. The main goal of conference is to meet a self-forced deadline for providing extra aid for debt woe. Nevertheless, analysts are cautions regarding effects the meeting will have on markets as there is too much uncertainty. 

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