Aussie and Kiwi rally on EU summit

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Source: Bloomberg
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New Zealand and Australian Dollars appreciated sharply on Tuesday as European officials signalled they have taken measures to end two-year debt crisis. Both South pacific currencies also were fuelled by positive news about Australian business confidence and an increase in home building approvals in New Zealand. Aussie strengthened 0.3% to $1.0632 and Kiwi climbed 0.5% to $0.8233. Currently AUD/USD is trading at $1.0631 and NZD/USD is trading at $0.8231.
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Tue, 31 Jan 2012 07:51:39 GMT

Private bondholders will lose 70% from Greek deal

Investors who have agreed to take part in essential cut of Greek debt would lose about 70% of the bond holdings, a person familiar with the issue said on Tuesday. The final deal on Greece's debt is likely to be signed in a couple of days along with the second bailout package aimed at saving the country from the default.

Tue, 31 Jan 2012 09:27:05 GMT

Dollar depreciates as worries about Greece lessen

US Dollar fell against its major counterparts on Monday after Greece's PM Papademos confirmed the progress has been achieved in debt talks with creditors. Greenback dropped 0.3% against Euro to USD1.3187 and 0.2% against Japanese Yen to JPY76.18. The Euro is likely to face the first monthly appreciation against US Dollar since October. EUR/USD currently is trading at USD1.3193 and

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