The Australian dollar is currently heading for a first weekly gain against the U.S. dollar this year as the traders believe that the bottom in the interest rates is near and the country’s economy will begin recovering soon with the help of the government’s stimuli.

The New Zealand dollar went up against all other major currencies today as the country’s jobless report wasn’t as bad as some traders expected and the kiwi needed to correct after some of its greatest losses.

The Indian rupee rose at the fastest pace in a week today as the revival of the global stock markets restored the optimism of the traders that the foreign investors will return to Indian, buying the local assets with the local currency.

The Australian dollar gained today against the other currencies on the Forex market after the country’s central bank cut the interest rate to the lowest level in decades and the government announced a stimulus package for the economy.

The euro declined today against the Japanese yen as the traders sold the risky assets and moved to the «safe cash» after the Asian stock markets tumbled today; investors also expect that the inflation report in Eurozone will add more space for ECB to cut the interest rate.