Australian Dollar declines slightly

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Source: Bloomberg
© Scanpix/Reuters
The Australian currency depreciated slightly and the Kiwi dropped as demand for riskier assets waned on U.S. government shutdown worries. The Aussie traded at 93.94 U.S. cents at 4:41 p.m. Sydney time after weakening 0.1% to 93.85 on Wednesday. The New Zealand Dollar slid 0.1% to 83.21 U.S. cents after adding 0.1% earlier. 
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Thu, 03 Oct 2013 11:04:04 GMT

Sterling advances more than estimated

The Sterling advanced beating the economists' estimates, suggesting that its appreciation might be unsustainable looking to the nation's economy. The Pound has gained 7% since the fourth month of the year to $1.6229, reversing its declines for this year on speculation that Bank of England may start to taper its monetary policy earlier tat expected. 

Thu, 03 Oct 2013 09:11:03 GMT

Spanish services sector is back in the red zone

Services industry in Spain declined in September of this year, while the benchmark PMI Index, which shows the activity in a particular sector, fell below 50 points, reaching 49 points in September versus 50.4 points in August. Reading below 50 points indicates an activity contraction. Moreover, the yesterday data showed that Spanish services industry lost 52,000 jobs in September.

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