Aussie and Kiwi appreciate on retail sales data

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
New Zealand Dollar and Australian climbed on news China may invest in European bailout funds to rescue the region from debt crisis. Kiwi gained extra upward momentum on better than predicted retail sales. Aussie and Kiwi each strengthened 0.4% against greenback to USD 1.0728 and USD 0.8374 respectively. Currently AUD/USD is trading at USD 1.0745 and NZD/USD is trading at USD 0.8384.
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Wed, 15 Feb 2012 07:41:38 GMT

European shares close down on US retail statistics

European markets finished into negative territory on Wednesday as US government reported the nation's retail sales expanded less than predicted and Moody's cut credit ratings for six European countries including Spain and Italy. Stoxx Europe 600 index lost 0.2%, Athens General Index dropped 2.8% and CAC 40 index gave up 0.3%. German DAX 30 index slipped 0.2% and FTSE 100 index

Wed, 15 Feb 2012 08:29:31 GMT

China considers investing in Euro Zone bailout fund

Chinese PM Wen Jiabao claimed the country considers participating in containing the European debt turmoil through investments in region's bailout funds. China may bear its holdings in Euro denominated assets and purchase European bills to support the 17-nation currency. China is interested in supporting its biggest export region, added PM Jiabao. 

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