Kiwi slips on New Zealands fiscal update

Note: This section contains information in English only.
Source: Reuters
The New Zealand Dollar contracted against the Greenback, after government changed output growth forecast. The revised forecast predicts output growth rate at 3.8%, instead of 4% as estimated before. The Kiwi is experiencing continuous decline after it's peak in July, led by a drop in producer prices and uncertainty over dairy export demand. Nevertheless, New Zealand grow rate is still surpassing major developed world peers. The Kiwi decreased by 0.44% to $0.8440.
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Tue, 19 Aug 2014 14:12:03 GMT

Yen hits two weeks low after positive U.S data

The Yen declined to its two week low against the Greenback, after the U.S data revealed positive inflation and housing numbers. The U.S Consumer Price index surged by 2.0%, following 2.1% growth in a period before, resulting in overall rate of 1.9%. U.S housing starts jumped by 15.7% to over million units in July, from previous month numbers of 893,000.

Tue, 19 Aug 2014 08:05:14 GMT

Aussie rises after RBA minutes

The Australian Dollar surged against the US Dollar as it continued rising for the sixth straight day. With the Reserve Bank of Australia Minutes not surprising the Aussie gained 0.19% and was trading at 0.9338 against the USD. There still remains concern that the Australian Dollar exchange rate is too high given the fallen commodity prices.

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