Aussie falls as iron ore hits 2 ½ year low

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Source: Reuters
The Australian currency dropped notably on Tuesday falling against its U.S. counterpart after a government report showed that prices of the country's largest export earner, iron ore, fell significantly. The so-called Aussie slipped as much as 0.8% and was last traded at 92.60 per U.S. Dollar as the iron ore prices fell to $98.50 a ton, the least in over two years.

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Tue, 20 May 2014 15:12:05 GMT

Greenback gains versus both Yen and Euro

The U.S. Dollar slightly increased on Tuesday trading session rising against the Japanese Yen and the euro-area currency after the Bank of Japan remained positive about supporting the country's currency and as U.S. shares surged today. The U.S. Dollar added from 101.10 yen to 101.36 earlier on today's session, while it gained 0.1% versus the Euro.

Tue, 20 May 2014 14:50:05 GMT

Asian stocks hold steady as Wall Street gains

Asian equities declined on Tuesday trading session with the region's benchmark stock index falling for the second day this week, while the Japanese gauge advanced as investors' sentiment pushed the prices higher after the Wall Street shares surged yesterday. The MSCI Asia-Pacific index lost as much as 0.3% and the Nikkei 225 average remained flat.

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