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Day: June 11, 2009
June 112009
New Zealand Dollar Advances as Interest Rates Remain Stable
The kiwi, as the New Zealand currency is often associated with, posted gains versus most of the main currencies as the national interest rate remained uncut. The Reserve Bank of New Zealand official cash rate remained at 2.50 percent as policy makers indicate that cuts will no longer be necessary to rescue the nation out of recession, increasing national and overseas investors to bet in the kiwi as an investment. […]
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June 112009
Dollar Slides as Speculations Spur Demand for Yield
The greenback dropped this Thursday as increasing speculations of a world economic recovery increased risk appetite among traders, inducing the purchase of high-yield currencies. The New Zealand and the Australian dollar led the list of gains today as an improved world economic scenario is constantly increasing traders confidence to take riskier positions in equities and currencies markets, making the dollar to lose attractiveness. The U. S. dollar […]
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June 112009
EUR/USD Up on Signals of U.S. Economy Revival
EUR/USD went up today after the yesterdays decline as the U.S. fundamental reports showed some optimism for the global economy revival and the traders favored yield more than risk. Its now trading near 1.4043. Retail sales were reported with a growth of 0.5% for the month of May; the Aprils decline was revised up from -0.4% to -0.2%. The reported value was the same as in the […]
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