RBA's Kent forecasts economy's acceleration in 2016 as currency drops

Note: This section contains information in English only.
Source: Bloomberg
Reserve Bank of Australia Assistance Governor sees the Australian economy gaining traction in 2016, as the currency depreciates in response to the higher US Dollar interest rates. Christopher Kent believes the recovery may stay lacklustre for a while, but will be able to pick up by 2016, as the Australian Dollar has more room to depreciate - the exchange rate is still above the fundamentally justified levels.
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Fri, 14 Nov 2014 11:11:04 GMT

France's economy grows 0.3% in third quarter

The strengthening domestic demand helped the second biggest Euro area economy to grow 0.3% versus the 0.1% contraction in the quarter before, while the experts expected only a 0.1% expansion. However, Michel Sapin, French Finance Minister, remains concerned that the recovery is still weak and is insufficient to combat the unemployment efficiently.

Thu, 13 Nov 2014 10:44:05 GMT

Greenback retreats against Swiss Franc before retail sales data

Even though some analysts argue the value of the US Dollar may be lifted by the positive retail sales data to be released tomorrow, the Greenback has been underperforming relative to the Swiss Franc since 09:30 GMT. The demand for the Swiss national currency was prompted after the decrease in the PPI had turned out to be less than expected

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