Aussie, Kiwi Dollar fall as New Zealand's rating may be stripped

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Source: Bloomberg
© Scanpix/RS

The Australian and New Zealand's Dollar decline on Wednesday with the Kiwi Dollar dropping to the lowest level in a four-week period as the rating agency Moody's Investors Service considers stripping the country's top credit rating. Kiwi traded at 82.62 U.S. cents as of 5 p.m. Sydney time after touching 82.13, the lowest since October2, while Aussie traded at 94.91 U.S. cents following a climb to 95.59.


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Wed, 30 Oct 2013 10:28:21 GMT

Loonie falls as BOC Governor admits stimulus

The Canadian currency declined on Wednesday dropping to the weakest level in seven weeks after Governor of the nation's central bank Stephen Poloz announced that temporary stimulus would have positive impact on Canadian commodity exports. The so-called Loonie slipped 0.2% to C$1.0469 per U.S. Dollar as of 5 p.m. Toronto time following a drop to the lowest level since September

Wed, 30 Oct 2013 10:06:09 GMT

Gold slides ahead of Fed meeting and as China's demand slows

Gold dropped on Wednesday after recording another loss yesterday amid higher U.S. Dollar as investors seem to expect the monetary stimulus program kept unchanged in the next few months at least after a two-day policy meeting of the Federal reserve and as China's demand slows. Bullion for settlement in October traded at $1,344.36 an ounce by 12:14 p.m. Singapore time

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