Kiwi remains higher versus Aussie on retail sales

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Source: Bloomberg
The New Zealand Dollar reached the strongest level in more than two years versus the Australian counterpart as the smaller country's retail sales topped economists' expectations, boosting speculation the central bank will increase interest rates. The kiwi fetched NZ$1.2181 per Aussie after rising to NZ$1.2143, the strongest level since July 2010.
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Fri, 15 Feb 2013 09:20:27 GMT

Silver slumped after disappointing Eurozone's data

Precious metals ended Thursday's session in the red territory amid concerns over deepening recession in the Eurozone. The data showed the Eurozone's GDP contracted 0.6% in Q4 of 2012, compared to a forecast of a 0.4% decline. At the same time, signs of strong physical demand limited losses of the commodity sector. Gold dropped after the latest data from the World

Fri, 15 Feb 2013 09:09:05 GMT

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