The Russian ruble advanced today as oil rallied to the highest level in 30 months on the concerns about supplies from Africa and Middle East.
Rand Strengthens as Government Won’t Intervene
February 24th, 2011 at 6:22
The South African rand advanced as the South African officials said that they’re not planning a particular rate of exchange for the currency and are more worried about a depreciation than about an appreciation.
Aussie Gains as Australian Economy Improves
February 24th, 2011 at 5:03
The Australian dollar rose today against 15 of 16 most-traded currencies as the reports showed that the private capital expenditures increase and the leading indicators rose in December.
Pound Gains as More Policy Makers Vote for Rates Increase
February 23rd, 2011 at 16:55
The Great Britain pound rose today, erasing yesterday’s losses versus the US dollar, as third policy maker of the Bank of England joined those who are voting for an increase of the interest rates.
Euro Gains on Anticipation of Rates Increase by ECB
February 23rd, 2011 at 15:14
The euro rose today against the US dollar and the Japanese yen on the speculation that the surge of the oil prices will cause the European Central Bank to raise the interest rates to deal with the inflation.
NZD Recovers on Speculation Earthquake Won’t Cause Rate-Cut
February 23rd, 2011 at 3:40
The New Zealand dollar recovered today slightly, after yesterday’s decline on the earthquake in Christchurch, on the speculation that the markets overestimated the probability of interest rates cuts.
Japanese Yen Profits from Uprising in Libya
February 23rd, 2011 at 1:11
The Japanese yen strengthened yesterday, reaching the highest level in a week against the euro, as the turmoil in Libya increased demand for the safe currencies. Today the yen weakened somewhat.
New Zealand Dollar Tumbles After Earthquake
The New Zealand dollar slumped today against all other 16 most-traded currencies after the earthquake strengthened the risk-aversion mood on the markets.
Swiss Franc Gains on Tensions in Libya
The Swiss franc jumped today, rising to the highest level in three weeks versus the US dollar, as the tensions in Middle East intensified, driving investors to the safer assets.
Thai Baht Gains as Economy Grows
The Thai baht gained today on the speculation that the policy makers won’t prevent the appreciation of the currency as the economic growth increases the inflation pressure.
