Day: October 21, 2009

October 21
2009

Pound High on Rate Hikes Speculations

The British pound gained versus its main rivals the euro and the U.S. dollar, after a day of decisions in the Bank of England in which the asset-purchase program was voted to be held unanimously, together with statements published in newspapers that added attractiveness for the Great Britain currency. Not only the British currency but also gilts rose today intensively after Bank of England Chairman Mervyn King affirmed through a note in the Scotland’s Herald […]

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October 21
2009

New Zealand Dollar High on Rates Increase Talks

The New Zealand dollar had a good performance today gaining versus the dollar and the yen after government officials did not relate a strong kiwi with eventual delays in interest rate hikes, adding speculations that the South Pacific country is on the way to raise its benchmark interest rates. The Reserve Bank of New Zealand Governor Alan Bollard declared that the current high levels for the loonie are not influencing eventual […]

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October 21
2009

Brazilian Real Declines on Central Bank Desperate Measure

The Brazilian real has been the best performing currency among the 16 more traded in foreign-exchange markets this year, and after a central bank measure to tax foreign investment on stocks and bonds to curb the currency’s rally, the real fell today. Brazilian stocks had the worst performance in 4 months today after the desperate measure was taken by the national central bank in order to stop the currency gains, which are affecting national […]

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October 21
2009

Russian Ruble Gains Further as Nation Rebound From Slump

The Russian currency experienced another day of gains after a government official announced today that the country is out of recession, adding attractiveness to the already appealing Russian stock market. The crude oil, one of the main Russian primary exports, continued to gain and hit the $80 level for the first time this year, helping the ruble to extend its rally versus most of the main traded currencies after the Russian Finance Minister affirmed that […]

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