Day: February 22, 2011

February 22
2011

New Zealand Dollar Tumbles After Earthquake

The New Zealand dollar slumped today against all other 16 most-traded currencies after the earthquake strengthened the risk-aversion mood on the markets. The earthquake of 6.3-magnitude resulted in multiple deaths and ruined buildings. The tragedy intensified the risk aversion sentiment that already was bolstered by the tension in North Africa and Middle East. NZD/USD dropped from 0.7635 to 0.7491 as of 16:28 GMT today after it reached earlier the intraday low of 0.7454. If you have […]

Read more
February 22
2011

Swiss Franc Gains on Tensions in Libya

The Swiss franc jumped today, rising to the highest level in three weeks versus the US dollar, as the tensions in Middle East intensified, driving investors to the safer assets. Muammar al-Gaddafi, the leader of Libya since 1969, renounced rumors that he has fled from the country, engulfed in the protests. The spokesman of Ban Ki-moon, the Secretary-General of the United Nations, said that the Secretary-General was “outraged at press reports that the Libyan authorities have been firing […]

Read more
February 22
2011

US Manufacturing & Consumer Confidence Improves in February

EUR/USD slightly rose today after it declined at the beginning of the trading session. The improving US manufacturing and consumer confidence can limit the gains of the euro. EUR/USD trades now at 1.3697 after it dropped earlier as low as 1.3526. S&P/Case-Shiller seasonally adjusted home price index declined from 142.75 in November to 142.16 in December. The index fell 2.4% on year-over-year basis. The median forecast for the change was 2.2%. (Event A on the chart.) Richmond Fed […]

Read more