Dollar declined after G8 comments

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Source: Forexpros
Dollar fell against its major counterparts during Asian trade on Monday as leaders at G8 summit eased concerns over the Euro Zone's crisis by suggesting keeping Greece within the single currency union. The US Dollar Index that measures its performance against basket of six main currencies dropped by 0.16% to 81.09 US Dollars. Meanwhile, EUR/USD traded at 1.2811, gaining 0.25% whereas USD/CAD attained 1.0190, falling by 0.30%.


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Mon, 21 May 2012 08:44:40 GMT

Australia business sales eased down by 1.3% last month

Australian consumer spending declined by 1.3% on a seasonally adjusted basis in April, according to Commonwealth Business Sales Index. The card transactions survey indicated that customers still spend but prefer to buy services rather than goods. Australians are focused on experience nowadays rather than just on physical goods, said Craig James, economist from CommSec.

Mon, 21 May 2012 08:22:38 GMT

Australia and Malaysia to create free trade zone

Australia and Malaysia are set to sign free trade agreement on Tuesday, said Craig Emerson, Australia's Trade and Competitiveness Minister. The new agreement will allow 97.6% Malaysian goods imports from Australia to exempt from tariffs while the figure may climb to 99% by 2015. Closer economic ties between Austria and Malaysia will improve economic environment for Australian exporters of wide

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