The New Zealand dollar weakened after Prime Minister John Key said that the interest rates should be reduced. The currency also fell as the tensions in Libya intensified.
Australian Dollar Fell as Interest Rates Remain Unchanged
March 01st, 2011 at 17:31
The Australian dollar dropped today as the policy makers of Australia’s central bank maintained the main interest rates unchanged on today’s meeting.
Swedish Krona Gains as Economic Growth Exceeds Forecasts
March 01st, 2011 at 14:59
The Swedish krona strengthened today, rising to the highest level in two and a half years versus the US dollar, after the report showed that Sweden’s economic growth beat forecasts.
Inflation Pressure Makes Euro Stronger
March 01st, 2011 at 3:49
The euro advanced on the speculation that the accelerating inflation will make the European Central Bank to raise the interest rates before the Federal Reserve.