U.S. CPI rose more than expected in August

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Source: Forexpros
Consumer prices in the world's biggest economy rose more than expected in August, as gasoline prices soared by 9%, the Labor Department said Friday.  U.S. CPI jumped to 0.6%, up from 0.0% in the prior month.  Analysts had expected U.S. inflation rate to rise 0.5% last month.
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Fri, 14 Sep 2012 16:35:54 GMT

Aussie and Kiwi surge amid Fed QE3

The Aussie rose to a month-high against the U.S. counterpart as Fed's decision for a third quantitative easing round weakened demand for the greenback. The Aussie traded at $1.0580, after reaching $1.0588, the highest since Aug.9, poised for a 1.9% weekly climb. It also advanced 0.4% to 82.06 Yen. The Kiwi surged 0.4% to 83.43 U.S. cents, after earlier hitting

Fri, 14 Sep 2012 17:08:53 GMT

German stocks climb on Fed decision

German stocks surged on Friday as market sentiment was boosted by Fed's announcement about the new round of QE. The Fed reported that it will spend USD40 billion monthly to purchase mortgage-backed securities to stimulate faltering economic growth. The German DAX Index added 1.50% to trade at 7,414.47. Eight out of nine business sectors included in the index advanced. The

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