Fed is prepared to face Eurozone's fallout

Note: This section contains information in English only.
Source: The Wall Street Journal
According a top official, the US Fed is ready to face any consequences from the Eurozone's deepening debt crisis. Charles Plosser, Philadelphia Fed President, said that in the short term worries over Eurozone might be beneficial for the US economy, due to lower US interest rates and energy prices. Additionally, troubles in Greece might result in more global funds being invested in the US, thus increasing liquidity. 
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Wed, 30 May 2012 06:43:03 GMT

German Consumer Price Inflation falls

According to Destatis, German annual inflation fell to its lowest level since December 2010, falling from 2.1 % in April to 1.9 percent in May, with decline in oil prices being the reason for decreasing CPI. The figures published on Tuesday may increase pressure on the ECB to consider new measures to stimulate Eurozne's economy, amid Greece political standoff and

Wed, 30 May 2012 07:48:03 GMT

Australian Dollar slips versus greenback on retail sales data

Aussie weakened against all its major counterparts after data showed country's retail sales unexpectedly contracted in April, stimulation pressure on RBA to cut interest rate in order to promote growth. Australian currency declined 0.5% versus US Dollar to USD 0.9796. New Zealand Dollar dropped 0.3% against greenback to USD 0.7604. Currently AUD/USD is trading at  USD 0.9798 and NZD/USD is trading

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