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Day: June 27, 2011
June 272011
Shrinking Trade Surplus Makes Kiwi Weaker
The New Zealand dollar fell against most its major peers today after the government report showed that the nation’s trade surplus shrank to almost half of its previous size. The New Zealand trade balance surplus narrowed to NZ$605 million in May from NZ$1.15 billion in April. The expected value was NZ$1.00 billion. The increase in imports was led by petroleum and related products. The main contributors to the export increase were ships, […]
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June 272011
US Dollar Rallies Ahead of Vote in Greek Parliament
The US dollar gained against most of its major counterparts as the concerns about the outcome of Greece’s vote for the bailout. The hopes for Greece among some investors allowed the euro to bounce after the decline. The European Union leaders approved the â¬78 billion package for Greece, but now the Greek parliament should accept the measures necessary to get the loan. Many investors don’t believe that the austerity will pass the vote and such outlook drives them […]
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June 272011
Pound Regains Strength After Week of Losses
The Great Britain pound rose today against most major currencies, following the significant drop last week, on the speculation that the decline was overdone and the state of the UK economy isn’t bad enough to warrant such sell-off. Analysts expect that tomorrow’s government report will show that Britain’s current account deficit narrowed from £10.5 billion to £5.0 billion in the first quarter of this year. The final revision of the UK GDP […]
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June 272011
Forex-Broker — an Interesting Name for a Russian Forex Broker
It seems that all the original and interesting names that can be used with the Forex trading companies have been already taken. At least that’s what I’ve thought when I was entering data about the latest one of them to the list on EarnForex.com. Forex-Broker — that’s the name of the broker. Can’t go wrong with a name like that, they definitely are up to “Forex” and “brokerage” :). It’s a Russian company […]
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