Eurozone Retail Sales index lower than expected, Portugal downgraded

Tuesday, 5 April 2011 04:25

The Retail Sales index data came out in Europe below expectations at 0.1% and – 0.1%, while the anticipated result was to value at 0.6% and 0.4%. Despite the unattractive news the European currency didn’t change, trading at the 1.4187 level.

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Sterling announces better than expected PMI data

Tuesday, 5 April 2011 03:38

PMI services index was announced stronger than expected in the UK, bringing strong bids to the British currency. Results for March came out at 57.1, while the results expected were to be 52.5. The previous PMI service results were 52.6, so the British..

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Australian currency drops following RBA rate announcement

Tuesday, 5 April 2011 12:57

Presumably pressured by the extremely high profit-taking high it reached at 1.0416, the AUD fell to 1.0315 against the US dollar- about 0.4%

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Euro inflation spikes to 2.6 percent

Thursday, 31 March 2011 02:06

The central bank’s target to keep inflation lower than 2 percent isn’t looking promising as inflation jumped very high for the European currency, a lot higher than the year before and a lot higher than anticipated, to 2.6 percent..

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The Japanese currency depreciates to almost a Year low.

Wednesday, 30 March 2011 11:52

The Japanese yen declines to a 10-month low against the Euro dropping to 116.77 after battling with 116.96 but failing to subdue. This is the weakest that the Japanese currency dropped since May 2010.

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