Aussie weakens on trade deficit data

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Source: Bloomberg
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Australian Dollar depreciated versus most of its peers on Tuesday after data showed country's trade deficit widened more than expected in March. Aussie dropped 0.2% versus greenback to USD 1.0176 while Kiwi declined for a seventh consecutive day, giving up 0.2% to USD 0.7929. Currently AUD/USD is trading at USD 1.0192 and NZD/USD is trading at USD 0.7937.
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Tue, 08 May 2012 06:07:45 GMT

Australian trade balance widened more than expected

Australia's trade deficit widened more than initially expected in April, according to Australian Bureau of Statistics. The country's trade deficit approached 1.59 billion Australian Dollars on a seasonally adjusted basis as compared to a March reading of a deficit of 0.48 billion Australian Dollars. Experts predicted the trade balance to drop to minus 1.40 billion Australian Dollars.

Tue, 08 May 2012 06:51:11 GMT

Switzerland's consumer prices declined in April

Switzerland's consumer prices fell for a seventh consecutive month in April as the appreciation of Swiss franc cut the costs of imports. Consumer prices faded annual 1.0% last month after dropping at the same pace in March, Federal Statistics Office said on Monday. On monthly basis prices have added 0.1%. The yearly fall in consumer prices was more than analysts

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