Aussie depreciates as RBA lowers growth expectations

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Australian currency weakened from close to 6-month high after RBA cut its predictions for inflation and GDP this year. Aussie fell 0.7% against greenback to USD 1.0714 and also gave up 0.7% against Japanese Yen to JPY 83.18. Meanwhile New Zealand Dollar lost 0.4% against its US peer to USD 0.8306 and tumbled 0.4% against Yen to JPY 64.50. Currently AUD/USD is trading at 1.0713 while NZD/USD is trading at 0.8305.
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Fri, 10 Feb 2012 08:03:46 GMT

European stocks lifted on Greek hopes

European stock markets closed higher on Thursday as Greece announced it reached consensus on austerity plan. Stocks were also supported by US jobs statistics. Stoxx 600 Europe added 0.2%, while German DAX index gained 0.6%. French CAC 40 advanced 0.4% and FTSE 100 climbed 0.3%. 

Fri, 10 Feb 2012 08:39:24 GMT

RBA forecasts lower inflation and growth in Australia

Reserve Bank of Australia (RBA) cut its predictions for consumer price inflation and economic growth this year, giving lawmakers some scope to reduce interest rates in case the Australian economy decelerates rapidly. RBA lowered its annual GDP estimation from 4% to 3.5% and cut expectations for inflation rate from 3.25% to 3.0%. Figures are estimated based on current key interest

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