Euro weakens against most of the peers

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Source: Reuters

The common currency reached its lowest level in multiple month against many of its counterparts on Wednesday, most notably depreciating against the Swiss Franc. The Euro slipped to 8-month lows against both the Greenback and the Aussie at $1.3459 and A$1.4304 respectively. The fall of the Euro concurred with the anticipation for the ECB to ease its policy further.  

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Wed, 23 Jul 2014 08:48:12 GMT

New sanctions against Russia could strike Europe

The Euro was traded below $1.3491, the lowest since February, due to the anxiety of sanctions against Russia. Several European companies, banks and manufacturers have cut the volume of deals with Russian businesses. George Osborne claims, that U.K. must be aware of economic hit. Meanwhile, Germany continue to keep its ties with Russian government, as the crisis could expose about 25.000 jobs. 

Wed, 23 Jul 2014 08:26:09 GMT

Australia's trimmed mean CPI rises

Australia's consumer prices rose more than expected during the previous quarter. The trimmed mean measure inched higher 0.8% from the last quarter, opposed to the forecast of 0.6%. Paul Bloxham stated that depreciating the currency will not be easy as it is more difficult for the RBA to lower interest rates when their main target is inflation.

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