The New Zealand dollar jumped today after the Reserve Bank of New Zealand maintained its interest rates yesterday and signaled that the good health of the nation’s economy can lead to higher rates in the future.
Aussie Rises on Asian Stocks, Heads to Weekly Loss
September 16th, 2011 at 14:59
The Australian dollar advanced today against the US dollar and the euro as the Asian stocks climbed, but the currency is still heading to a weekly decline as concerns about the European economy sapped appeal of higher-yielding currencies.
Rand Falls as Investors Shun South African Bonds
September 16th, 2011 at 13:20
The South African rand dropped today as the optimism about the European banking system quickly waned, spurring investors to draw money out of riskier assets.
Mixed Fundamentals Leave Traders Uncertain, USD Fluctuates
September 16th, 2011 at 2:33
The US dollar fluctuated as the mixed fundamental data left Forex traders uncertain will the US economy face recovery or recession. The currency was falling yesterday, but at the start of today’s trading session the dollar rebounded.
SNB Maintains Rates at Zero, Franc Strengthens
September 15th, 2011 at 23:02
The Swiss franc rose today even after the Swiss National Bank left the benchmark interest rate at zero at pledged to maintain the peg of the nation’s currency to the euro.
Europe Helps Oil & Russian Ruble
September 15th, 2011 at 17:39
The Russian ruble climbed today, rebounding from the lowest level in eight months against the US dollar, as crude oil gained and the European Central Bank announced its plans to boost liquidity, bolstering risk appetite.
Rand Rebounds on ECB Efforts
September 15th, 2011 at 17:10
The South African rand strengthened today as the European Central Bank announced it’s planning to lend dollar to the European bank in an effort to support the European banking system and to boost liquidity.
Canadian Dollar Within Cent of Parity with Greenback
September 15th, 2011 at 4:17
The Canadian dollar fell today, trading within one cent of parity with the US dollar, as copper and crude oil prices declined on the signs the global economic recovery is faltering.
Australian Dollar Drops on Interest Rates Outlook
September 15th, 2011 at 2:18
The Australian dollar fell today on the speculation the revised method of the inflation calculation will cause the central bank to refrain from raising the interest rates.
Indonesia Intervenes to Support Rupiah, India & South Korea Follow
September 14th, 2011 at 12:51
The Indonesian central bank intervened, selling dollars, to support the Indonesian rupiah that was weakened by the pessimistic outlook for the currencies of the emerging markets.
