Loonie edges lower on US growth concern

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Source: Bloomberg
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Canadian currency weakened versus its major peers on Wednesday boosted by concerns over the future expansion of its main trading partner's US economy. Loonie fell 0.4% versus greenback to CAD 1.0303 after data showed US retail sales contracted in May, a second straight month. 
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Thu, 14 Jun 2012 07:03:44 GMT

Dollar stays slightly lower versus Euro ahead of CPI report

US Dollar traded modestly lower versus common currency on Thursday as nation's May retail sales declined and investors awaited for CPI report which is predicted to show that consumer prices also fell in May boosting the case for Fed to consider further stimulus. The greenback traded versus Euro at USD 1.2571 in Asian trade. Currently EUR/USD is trading at USD

Thu, 14 Jun 2012 06:41:44 GMT

Credit Suisse predicts weaker China growth

Credit Suisse Group lowered its outlook for China's economic growth for 2012 to 7.7% citing diminishing corporate net income and slowing investments. Credit Suisse predicted also further years for world's second biggest economy to be weaker in terms of growth. China's equities traded lower as Deutsche Bank also reduced forecast for the country's economy. 

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