Archive for March 2011

Aussie, Will You Stop with Your Records?

The Australian dollar was little changed today, but earlier at this trading session it, guess what, reached the new record versus the US dollar.

South African Rand Rises for Third Day vs. Dollar

The South African rand gained today, rising for the third straight day against the US dollar, as commodities rallied and market participants expect an increase of the interest rates.

Euro Gains as Inflation Grows

The euro went up today after the report showed that the inflation in the Eurozone unexpectedly accelerated in March, increasing the bets that the European Central Bank will raise the interest rates in April.

New Day, New Record for Aussie

The Australian dollar posted yet another all-time record versus its US counterpart before retreating. The gains was spurred the growing retail sales, but the unexpected drop of building approvals restrained the currency.

Japanese Yen Falls as Investors Prefer Higher Yielding Assets

The Japanese yen weakened today, falling to the lowest level in almost three week, as the economic growth in the US and across rest of the world makes higher-yielding assets more preferable for investors than safer ones.

Expanding South Korean Economy Increases Appeal of Won

The South Korean won rose today to highest level in almost seven weeks as the inflows of foreign funds help the economy of South Korea, making the nation’s assets more attractive.

GBP/JPY Rises with Retail Sales & Services

The Great Britain pound climbed today versus the Japanese yen after the reports today showed that Britain’s retail sales and services industries improved, renewing the talks about the possible interest rates hike. The currency also gained against the US dollar, but lost most of its gains by now.

Aussie Dollar Reaches New Record vs. US Dollar

The Australian dollar decided that its rally doesn’t need to stop and continued its ascent, posting the new record high versus the US dollar.

Trade Surplus Makes New Zealand Dollar Stronger

The New Zealand dollar advanced today after the nation’s traded balance posted a surplus for the first time in eight months as commodity prices continue to advance.

South Korean Won Becomes Stronger with Better Global Economy

The South Korean won rose today on the forecast that the influence of the global economic recovery will outweigh the negative impact of the earthquake and the radiation leak in Japan.

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