Kiwi declines as Reserve Bank is unlikely to raise interest rates

Note: This section contains information in English only.
Source: Bloomberg
The kiwi depreciated versus all its 16 major counterparts following weekly decrease to 1.4%, as New Zealand's central bank is unlikely to increase borrowing costs, a measure that could boost the currency and negatively affect the exports. The New Zealand's currency slipped 0.3% to NZ$1.1540 per Australian Dollar at 4:52 pm in Sydney, while it weakened 0.4% to 83.23 U.S. cents, after reaching 82.98, the weakest since October 14.
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Fri, 25 Oct 2013 10:53:03 GMT

Gold drops after 3-week high on speculations Fed will slow stimulus

Bullion for December delivery slipped 0.5% to $1,344.20 an ounce in New York on speculations Federal Reserve will slow its monetary stimulus as US economy strengthens, which reduces demand for gold as safe-haven asset. Gold for immediate delivery declined 0.2% to $1,344.38 an ounce as of 9:56 am, London time.

Fri, 25 Oct 2013 11:32:05 GMT

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