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Day: April 18, 2011
April 182011
Franc Gains vs. Euro, Drops vs. Yen & Dollar on Safety Demand
Worries about the European debt crisis and the prospect of US credit rating’s downgrade increased demand for safe currencies today. As a result, the Swiss franc advanced versus the euro, but demand for safety benefited more for the US dollar and the Japanese yen. Finlandâs Justice Ministry reported that support of the True Finns reached 19 percent. The party’s leader Timo Soini says that Finland’s taxpayers shouldnât have paid for aid to Greece or Ireland. […]
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April 182011
US Dollar Gains as S&P Puts US Outlook to Negative
The US dollar gained today after Standard & Poorâs reduced the US credit rating to negative, spurring demand for the currency as a safe haven. The yen still looks more attractive as a safe currency and outperformed the greenback. S&P confirmed the US credit rating of AAA/A-1+, but decreased the outlook for negative. The reasons for the decision were the high debt of the country and the absence of clear way to reduce this debt. The report said: Because the U.S. has, relative […]
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April 182011
Europe’s Troubles & China’s Tightening Sap Strength from Ringgit
The Malaysian ringgit weakened today as concerns about Europe’s debt crisis and China’s tightening measures draw traders away from riskier currencies. China’s central bank announced that it’s increasing reserve requirements for lenders from April 21. Finland may vote against the bailout for Portugal after the elections on the weekend. The Bloomberg-JPMorgan Asia Dollar Index fell 0.1 percent. The Malaysian currency rose earlier on the speculation that the nation’s central […]
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April 182011
Another Multi-Market Forex Broker from Cyprus — AFX Capital
Today, I am happy to announce that another Forex broker was added to the list of brokers on EarnForex.com. It’s AFX Capital, which operates from Cyprus and is regulated by the local CySEC authority. It’s not a very notable Forex trading company — the set of features is very common among the Cypriot brokers. The trading platform is MetaTrader, deposit and withdraw options are limited by wire transfer and credit cards, no support […]
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April 182011
Slower Inflation Growth Moves New Zealand Dollar Down
The New Zealand posted today the biggest decline in more than four weeks after the report showed that the nation’s inflation slowed, signaling that the economic recovery loses momentum. The New Zealand consumer prices index rose 0.8 percent in the first quarter of 2011, compared to the 2.3 percent growth in the fourth quarter of 2010. Analysts thought that the CPI would increase by 1 percent. Finance Minister Bill English said that […]
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