Australia Construction Work Done -0.1% in 4Q

Feb 27, 2013

S&P warns on possible scenarios for Australia's rating

The Australian Dollar had an abrupt 15 pips fall after S&P said there are a number of possible scenarios that may put pressure on Australia's sovereign ratings, but appear to be largely mitigated at present.

Forex: EUR/USD holds 1.3050 despite Moody's headline

Following the news from the S&P rating agency that the political gridlock in Italy, had no immediate implications for Italy's BBB+ sovereign rating, although it warned that the uncertainty in policies are "numerous", now is Moody’s agency which crosses the newswires to say that Italy’s inconclusive election is ‘credit negative' for the country.