Yen depreciates versus peers on Asian stock rally

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Source: Bloomberg
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Japanese Yen weakened against most of its counterparts on Tuesday as Asian shares rallied for a fifth consecutive week on hopes the central bank will intervene more to promote growth. Yen slid 0.6% versus Euro to JPY 100.56 and gave up 0.3% against the US Dollar to JPY 79.78.
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Tue, 03 Jul 2012 09:32:34 GMT

Chinese non-manufacturing index accelerated in June

China non-manufacturing PMI grew at faster pace than predicted last month as the real estate market and new orders advanced. The service PMI climbed from 55.2 in May to 56.7 in June, reaching a three-month record high. Nation's official production PMI was 50.2 in June compared to 48.2 estimated by HSBC Holdings.

Tue, 03 Jul 2012 08:38:35 GMT

Australia maintains benchmark rate at 3.5% on stronger economy

The Reserve Bank of Australia left its key interest rate unchanged at 3.5% after two consecutive reductions in June and May.The central bank cited stronger local employment and advancing Aussie as conditions helping to curb excessive inflation.

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