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Day: April 28, 2011
April 282011
Russian Ruble Appreciates Despite Central Bank Intervention
The Russian continued to rise against the US dollar and stabilized against the euro today, following the exceptional intervention measures conducted by the central bank. Bank Rosii (the country’s central bank) released Russiaâs International Reserves statistics for the past week today, showing an increase of $5.1 billion up to $517.9 billion. It’s said by the market analysts from the Russian Otkritie financial corporation that about $1.9 of that gain was purchased by the bank to hold […]
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April 282011
GDP Growth Disappoints, EUR/USD Rises
The dollar fell against the euro before the disappointing US GDP growth data was released today. The currency pair was in a decline for 2 hours immediately before the release but regained its growth afterwards. Other fundamental releases didn’t have much influence on EUR/USD today. It is now trading near 1.4815. GDP increased by 1.8% (annualized) in the first quarter of 2011 according to the advance report. It followed 3.1% […]
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April 282011
AUD Jumps to New Record Maximum vs. USD
The Australian dollar continued its 3-day race against its US counterpart today, following the dovish FOMC statement and in expectance of the interest rate hike in Australia. The Aussie rose against the greenback by about 0.7 percent and added slightly against the euro today, while trading near the open level against the Japanese yen. The US dollar is falling against almost all Forex-traded pairs, while the Australian dollar is benefiting from […]
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