Yen falls on slowing demand for haven assets

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The Japanese Yen weakens to the lowest level in a month as signs of global economy's improvement curbed demand for haven assets, while recent data from Japan showed progress in the BOJ's easing efforts. The Yen lost 0.2% to 99.54 per U.S. Dollar after fetching 99.70, the lowest level since August 2. Japan's currency bought 131.13 per Euro compared to 131.04 a day earlier.
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Tue, 03 Sep 2013 07:12:10 GMT

Australia current account gap widens

The seasonally-adjusted data published today by the Australian Bureau of Statistics on the current account of the world's fourteenth largest economy suggest the deficit went up to $9,350m from $8,740m, or by 7% within the second quarter of this year. This means the difference between the imported and exported goods rose and the demand for the Australian Dollar supposedly fell.

Tue, 03 Sep 2013 07:14:03 GMT

Australia retail sales up

On a seasonally-adjusted basis the volume of retail sales in the Commonwealth of Australia rose by 0.1% in July, following a stagnation (0.0% change) in June and a 0.2% rise in May. The release was somewhat disappointing, since the broad expectations were for an accelerated growth of 0.4%.

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