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Day: May 18, 2011
May 182011
New Zealand Dollar Gains on PPI & Asian Stocks
The New Zealand dollar gained today as the nation’s producer prices increased and Asian stocks advanced, improving prospects of the New Zealand economy and the currency. The producer price outputs index rose 1.7 percent, while the PPI inputs rose 2.2 percent. The expected valued were 0.6 percent and 0.9 percent respectively. The MSCI Asia Pacific Index of shares rose 1.1 percent, paring its four-day drop. NZD/USD rose from 0.7847 […]
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May 182011
Pound Sinks on BoE Minutes & Jobless Claims
The Great Britain pound tumbled today, erasing yesterday’s gains versus the US dollar, after the report showed that the unemployment claims jumped and the minutes of the Bank of England monetary policy meeting indicated that most of the policy makers are against increasing the interest rates. The number of people claiming unemployed benefits increased by 12,400 between March and April to 1.47 million. The predicted change was only 400. The minutes of the BoE monetary policy […]
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May 182011
Aussie Goes Higher as Investors Expect Interest Rates Hike
The Australia dollar gained against the US dollar and the Japanese yen after the minutes of the central bank’s monetary policy meeting suggested that an increase of the interest rates is possible “at some point”. The Minutes of the Monetary Policy Meeting of the Reserve Bank of Australia said: Members viewed the current mildly restrictive stance of monetary policy as remaining appropriate, with recent rises in the exchange rate likely to have further tightened conditions, particularly in some sectors […]
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