The Australian dollar drifted weaker against its major rivals in early Asian deals Wednesday after an official report showed that the nation’s inflation rose less-than-expected in the fourth quarter. Consumer prices in Australia were up 2.2 percent on year in the fourth quarter of 2012, the Australian Bureau of Statistics said today. That was shy
The dollar is up against its major European competitors on Friday, but is trading basically flat in comparison to the Japanese Yen. The risk appetite among investors is low at the end of the trading week, despite the better than expected Chinese GDP data. China’s economic growth accelerated for the first time in two years
The dollar is little changed in comparison to its major competitors on Wednesday. Economic data from the United States was relatively mixed at mid-week, with better than expected industrial production and weaker than anticipated homebuilder confidence. Consumer prices in the U.S. came in unchanged in the month of December, according to a report released by
The dollar has extended its recent weakness against the Euro on Friday. Comments made yesterday by European Central Bank President Mario Draghi have continued to propel the gains in the Euro. Draghi said Thursday that the euro area may see a gradual recovery later in the year as there are some modest signs of stabilization.
The dollar is down sharply against the Euro Thursday and is also losing ground against the pound sterling, after the European Central Bank and the Bank of England maintained their respective interest rates. However, comments from ECB President Mario Draghi appear to have had the biggest effect on investors. The European Central Bank left the
