Yen advances on spurring demand for safe haven assets

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Source: Bloomberg
The Japanese Yen headed for weekly advance against most of its major counterparts after Spanish Prime Minister Marion Rajoy will delay deciding whether to seek a bailout for his country, boosting demand for safe haven assets amid Europe's woes. The Yen climbed 0.2% to 78.45 per U.S. Dollar and fetched 98.19 per Euro.
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Fri, 31 Aug 2012 06:54:15 GMT

Australia private sector credit rises in July

Australia's private sector credit expanded 0.2% on month in July, compared to a 0.3% increase in preceding month and below analysts' estimate of 0.4% growth. On year-on-year basis, it rose 4.2%, after surging 4.4% in June, the same 4.4% rise was forecast for August. AUD/USD was not affected by the data, trading at 1.0292/97, session high.

Thu, 30 Aug 2012 18:37:12 GMT

Canadian current account deficit grew 60% in Q2

Canadian current account deficit in the second quarter of 2012 widened by almost 60%, as nation's exports of energy declined and due to a higher level of imports, Statistics Canada said on Thursday, August 30. The trade deficit soared to $16.02 billion between April and June 2012, from a revised $10.15 billion in the preceding quarter. Analysts have expected a deficit of $15.30 billion.

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