Australian retail sales surged more than predicted in May

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Source: Bloomberg
Retail sales in Australia accelerated more than expected in May lifted by elevated spending in department stores and restaurants. On monthly basis sales added 0.5% to AUD 21.3 billion in May, Bureau of Statistics reported on Wednesday. Analysts questioned by Bloomberg predicted a 0.2% gain. 
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Wed, 04 Jul 2012 06:29:36 GMT

Aussie gains on retail sales

The Australian Dollar hit two month record high versus greenback on Wednesday as government statistics showed country's retail sales advanced more than expected in May. Aussie jumped versus US Dollar to USD 1.0320, the highest reading since May 3 but slightly retreated later and traded at USD 1.0287. Currently AUD/USD is trading at 1.0284.

Tue, 03 Jul 2012 15:39:37 GMT

Loonie is appreciating

Canada's national currency hit its six-week high against its US counterpart on the 3rd of July. The current trading rate is CAD 1.0161 per USD whereas on 29.06.2012 the rate was CAD 1.0181 per USD. Canadian government bonds also gained in price. Two-year government bonds advanced by 5 Canadian cents, leading to drop of yields to 1.006%, while ten-year bonds

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