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Day: June 8, 2010
June 82010
NZ Dollar Rises on Speculations About Increasing Rates
The New Zealand dollar rose today after two days of decline against its U.S. counterpart, the euro and the Japanese yen as the Asian stocks gained and the commodity prices increased, boosting the demand for the higher-yielding assets. The New Zealand currency also strengthened on the speculation that the Reserve Bank of New Zealand will raise its record low interest rates on June 10. The central bank expected to raise the official cash rate from a record […]
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June 82010
Canadian Dollar Gains as Traders Seek Safety
The Canadian dollar gained today as the robust Canadian economy increases the appeal of the currency as the safe have, therefore drawing the investors, who seek the safety from the European debt crisis. Canada, together with the U.S., has the fastest growing economy this year among the Group of Seven nations and the the lowest net debt-to-output ratio. The report last week, which showed the increasing employment and the stable unemployment rate, also added to the signs of Canada’s economic […]
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June 82010
Hungarian Forint Gains on Government’s Budget Plans
The Hungarian forint, which dropped previously on the speculations about the possible default in Hungary, strengthened today for a second day after Hungarian government pledged to stick to the budget deficit goal. Mihaly Varga, the state secretary of the Prime Minister’s Office and the former Minister of Finance, said that the government plans to meet the 3.8 percent target agreed with the International Monetary Fund and the European Union. According to his words: Calmly, but firmly, we must […]
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June 82010
Pound Down on Concerns About Debt Crisis
The Great Britain pound weakened today after Fitch Ratings stated that “UK fiscal challenge is formidable”, spurring the demand for the safety among the investors. According to Fitch Britain requires more budget cuts and needs to perform them with faster pace to avoid the budget crisis. The slump of the pound reflected the concern about the possible spreading of the debt crisis. Filth didn’t said anything really new about Britain’s economy and the reaction […]
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June 82010
Strange Broker FOREX MMCIS
FOREX MMCIS is a rather strange broker that has been listed on my site today. They state that they were founded in 2007 by an investment company that was on-line since 2004, but all their websites came on-line only on February 29, 2008. They are registered in Panama and they provide some scans of the incorporation in the state of California but it seems very doubtful as they provide only […]
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