Euro depreciates against the Yen for a fifth straight day

Note: This section contains information in English only.
Source: Bloomberg
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17-nation currency weakened versus Japanese Yen ahead of European GDP report which is predicted to show the economy contracted in the 4th quarter as debt crisis harmed growth. Euro dropped 0.2% versus Yen to JPY 107.56 and lost 0.1% against greenback to USD 1.3203. Currently EUR/JPY is trading at JPY 107.49 and EUR/USD is trading at USD 1.3196.
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Tue, 06 Mar 2012 07:45:50 GMT

Aussie declines on RBA decision

Australian Dollar dropped to a two-week record low against its US peer on RBA announcement it will keep its key interest rate unchanged at 4.25% and left room for further easing if needed. Aussie fell against Greenback to USD 1.0621 and gave up 0.7% versus Japanese Yen to JPY 86.45. Kiwi also lost 0.7% versus US Dollar, reaching USD 0.8138.

Tue, 06 Mar 2012 07:04:52 GMT

Australia leaves key interest rate unchanged

The Reserve Bank of Australia decided to leave its benchmark interest rate unchanged citing lingering risks in Europe. Governor Glenn Stevens announced RBA will stick to overnight cash rate at 4.25%. RBA decision indicates confidence in US economic outlook and optimism about local employment. Inflation level is expected to fluctuate between 2% and 3%. Australian Dollar dropped 0.5% on the news.

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