Aussie and Kiwi decline amid European worries

Note: This section contains information in English only.
Source: Bloomberg
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Australian and New Zealand Dollar fell, partly erasing 2-day advance on worries ECB cheap loans will not provide sound aid to tackle debt crisis. Both Australian currency and New Zealand Dollar lost 0.3% against greenback to $1.0070 and $0.7692 respectively. Currently AUD/USD is trading at $1.0101 and NZD/USD is trading at $0.7696.

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Thu, 22 Dec 2011 09:56:14 GMT

Monti faces final vote on austerity package

Italy's Senate is going to vote on €30 bn ($39 bn) emergency plan today. The package of measures include levy on primary homes, pension overhaul, curb on tax fraud, all proposals aimed at curtailing borrowing costs and persuading investors that Italy is working on reducing Euro Zone's second-biggest debt. Nevertheless, analysts warn the measures may throw Italy further in recession given slowing nation's growth.

Thu, 22 Dec 2011 08:13:56 GMT

Dollar rebounds against the Euro on Asian session

The US Dollar climbed 0.8% from 11-month record high against Euro ahead of ECB president Draghi's speech later today. 17-nation currency maintained yesterday's fall on expectations Standard & Poor's will lower credit ratings for European nations, while Italy and France prepare for bond auction. On Thursday Asian trade Greenback traded $1.3044. Currently EUR/USD is trading at $1.3062.

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