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Day: February 21, 2011
February 212011
Thai Baht Gains as Economy Grows
The Thai baht gained today on the speculation that the policy makers won’t prevent the appreciation of the currency as the economic growth increases the inflation pressure. The report today showed that Thailand’s economy expanded in 2010 with the fastest pace since 1995. The fast economic growth of the Asian countries causes the imbalances in the global economy and the Asian governments may allow their currencies to appreciate and reduce the import gains. USD/THB fell from 30.5750 to 30.5450 as of 14:53 […]
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February 212011
NZ Dollar Rises on Outlook for Higher Farmer Payouts
The New Zealand dollar rose today, touching the highest level in a week, on the speculation that Fonterra Cooperative Group Ltd. will increase the payouts to farmers, supporting the New Zealand economic recovery. Fonterra already increase the payment to farmers by 4.5 percent on December 10 because of higher overseas prices for whole milk powder. Fonterra may decide on tomorrow’s meeting to raise the payouts again, as the whole milk powder prices reached the highest level […]
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February 212011
Trendy Ukrainian Forex Broker — Forex-Trend
Forex-Trend isn’t the first Ukraine-registered broker listed on EarnForex.com but it’s quite notable for the offered trading conditions. It’s a MetaTrader broker with micro-lot trading and quite low spreads. Although the leverage is generally fixed at 1:100, a different leverage can be negotiated on request. The only market offered for trading is Forex (no CFD or commodities). With only $20 minimum account size Forex-Trend presents a nice set of starting […]
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