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May 18, 2012 - 20:23
The Canadian CPI rose 2% in April on a yearly basis mostly lead by rise in transportation costs. In April, we saw CPI rise 1.9% on a yearly basis. The core CPI which excludes the volatile energy prices rose 2.1% in the last twelve months to April. All 8 components of the CPI saw increases in the last twelve months to April. Transportation costs led the rise with 3.2% increase on a yearly basis. Gasoline prices rose 3.3% and passenger...
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May 18, 2012 - 15:45
On Friday AUD touched fresh five-month low of 0.9794 against USD, as concerns over Euro-zone debt crisis curbed demand for riskier assets.
AUD broke below the important support zone of 0.9880 - 0.9860, however managed to bounce back sharply from day's low and is currently quoting at 0.9880.
We expected AUD to test 0.9750 - 0.9705 levels, should it decisively trade below the support zone of 0.9880 - 0.9860.
However the pair managed to bounce...
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