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Day: March 31, 2011
March 312011
Aussie, Will You Stop with Your Records?
The Australian dollar was little changed today, but earlier at this trading session it, guess what, reached the new record versus the US dollar. The Australian currency shows no sign of the expected correction, predicted by analysts. That’s even more surprising, considering that there’s no major news to support such an astonishing performance, except the growth of the retail sales that was muted by the decrease of the building approvals. Gains of commodities […]
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March 312011
South African Rand Rises for Third Day vs. Dollar
The South African rand gained today, rising for the third straight day against the US dollar, as commodities rallied and market participants expect an increase of the interest rates. Gold and platinum, which makes up fifth of South Africaâs export revenue, advanced for a second day. Central bank Governor Gill Marcus said that the bank wonât be “soft” on the inflation, making investors to bet that the interest rates will be raised this […]
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March 312011
Euro Gains as Inflation Grows
The euro went up today after the report showed that the inflation in the Eurozone unexpectedly accelerated in March, increasing the bets that the European Central Bank will raise the interest rates in April. The consumer prices in the Eurozone rose 2.6 percent in March, while the rate of growth was expected to remain the same as in February at 2.4 percent. Analysts say that the inflation outweighs the negative impact of Ireland’s and Portugal’s problems on the investors’ sentiment and pessimism can […]
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March 312011
EUR/USD Up as Eurozone CPI Grows, US Factory Orders Drop
EUR/USD recovered after the previous decline on today’s trading session as the Eurozone consumer prices grew, while the US jobless claims and factory orders posted worse-than-expected results. The inflation in Eurozone rose 2.6% in March. (Event A on the chart.) The currency pair was rising since the beginning of this week and economists think that traders digested the problems in Greece, Ireland and Portugal, so now only bad news from other European countries can […]
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March 312011
New Day, New Record for Aussie
The Australian dollar posted yet another all-time record versus its US counterpart before retreating. The gains was spurred the growing retail sales, but the unexpected drop of building approvals restrained the currency. The Australian retail sails rose 0.5 percent in February, following the rise of 0.4 percent in January. The rate of growth was expected to remain unchanged at 0.4 percent. The number of building approvals fell 7.4 percent in February following the fall […]
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