Australian dollar appreciates against its major peers

Note: This section contains information in English only.
Source: Bloomberg
The Australian Dollar reached the highest level in two months versus the kiwi as retail sales in New Zealand dropped unexpectedly.  The Aussie traded up to NZ$1.2799, after trading at NZ$ 1.2788 earlier. The currency also touched the strongest weekly level against the greenback on improving consumer confidence in Australia. It advanced to $ 1.0455, trading 1% higher than before at $ 1.0448. Meanwhile, the currency surged 0.3% versus the Yen at 64.97.
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Wed, 14 Nov 2012 10:36:40 GMT

Wall Street closed in red; technology sector weighted

Wall Street closed lower on Tuesday amid mounting worries over fiscal cliff in the US. Moreover, Greek financial woes weighted down on the risk appetite. The IMF disagreed on Greek budget terms, while the eurozone's finance ministers postponed a bailout decision to November 20. The S&P 500 Index shed 0.4% to end the session at 1,374.53. Only three sectors rose.

Wed, 14 Nov 2012 09:30:42 GMT

Yen weakens on possible BOJ's monetary stimulus

The Yen declines against its 16 counterparts as BOJ is expected to take action to curb the yen's strengthening, as it jeopardizes Japanese exports. The Yen fell against the euro, after five days of gains on news the government will lower its economic assessment this month. The Japanese currency dropped 0.4% to 101.23 euro. Meanwhile, the Yen lost 0.3% versus the greenback to 75.59.

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