Aussie, Kiwi remain lower on China's slowdown concerns

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Source: Bloomberg
The South Pacific currencies, namely the Australian and New Zealand Dollar, stayed lower amid weak demand for commodity currencies on escalating concern about China's economic slowdown. The Aussie Dollar was little changed at $1.0330 following a 0.5% decline yesterday, the biggest decrease since September 3. The Aussie touched 80.80 Yen from 80.91. The Kiwi fetched 80.95 U.S. cents from 80.88.
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Tue, 11 Sep 2012 08:28:45 GMT

European stocks lower ahead German court decision and on China's imports drop

European stock slightly decreased as the Stoxx Europe 600 index lost 0.3% to 271.01 points on the very beginning of London trading session. Investors pay attention to German court decision on suspension of €500 billion permanent bailout fund on September 12. Moreover, inbound shipments of China, Europe's trading partner, decreased by 2.6% in August comparing with one year earlier,indicating a weak domestic demand.

Tue, 11 Sep 2012 09:45:44 GMT

Consumer borrowing in U.S. falls in July

Consumer credit in the U.S. unexpectedly fell in July for the 1st time in a year. According to the Fed, a $3.28 billion decline followed a revised $9.8 billion increase in a month earlier, beating economists' expectations of $9.2 billion jump. Revolving credit including credit card spending dropped $4.2 billion, the most since 2011.  

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