Aussie poised to record largest streak of drops in 7 years

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Source: Bloomberg
The Australia currency decreased on Friday and was set to extend its largest streak of weekly drops in seven years on speculation that the Reserve Bank of Australia may take steps to curb the overvalued currency. The so-called Aussie slipped 0.6% to 91.78 U.S. cents by 4:58 p.m. Sydney time following a slide to 91.68, the least since September 9.

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Fri, 22 Nov 2013 09:02:11 GMT

Philly-area manufacturing activity falls more than forecast in November

Philadelphia-area manufacturing activity growth has eased by much more than economists preliminary estimated in November with the activity index falling to the lowest level in six months, a report released by the Federal Reserve Bank of Philadelphia revealed on Thursday. The Philly Fed's current activity index slid 6.5% in November from 19.8 recorded in the month before.

Fri, 22 Nov 2013 08:40:19 GMT

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