Australian retail sales steady in December

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Source: Forexpros

Australian retail sales stayed at the same level in December, according to official data. The country's retail sales for the month showed 0% seasonally adjusted increase from November while November's retail sales saw 0.2% monthly growth, according to Australian Bureau of Statistics. Analysts had expected the indicator to rise by 0.4% in December.

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Mon, 09 Jan 2012 14:59:24 GMT

Euro hits 11-year low against Japanese Yen before Merkel-Sarkozy meeting

17-nation currency reached 11-year record low against Japanese domestic currency and traded 0.3% from the lowest reading in 16 months before French and German leader meeting today in Berlin. Officials are planning to come up with a rulebook promoting fiscal discipline. Euro lost 0.2% reaching ¥97.74 and dropped 0.1% against US Dollar to $1.2704. EUR/USD currently is trading at $1.2717 while EUR/JPY is trading at

Mon, 09 Jan 2012 15:51:05 GMT

Yuan lending attained 7.47 trillion Yuan last year

Yuan lending approached 7.47 trillion Yuan in 2011 as compared to 7.8 trillion Yuan in the preceding year, reported China's central bank. The outstanding Yuan deposits amounted 80.94 trillion Yuan in the end of the last year, indicating yearly increase by 13.5% and deceleration of the deposits growth pace by  6.7%. Meanwhile, other currencies denominated deposits totaled 275.1 billion USD, signaling 19% yearly increase.

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