The gains of the Norwegian krone caused the concerns that the stronger currency will hurt competitiveness of the nation’s exporters. The currency fell today after it sharply advanced on the previous trading session. Finance Minister Sigbjorn Johnsen said that the government will take measures to prevent the stronger currency to harm the nation’s economy. The krone jumped previously on the high oil prices as the country is one of the biggest exporters of oil in the world. USD/NOK rose from … “NOK Falls as Government Concerned About Currency’s Strength”
Author: admin_mm
Euro Rallies as ECB May Raise Interest Rates Next Month
The euro rose today for the second day against the US dollar as European Central Bank President Jean-Claude Trichet said that the bank may increase the interest rates next month because of the inflation pressure. Trichet said that “increase of interest rates in the next meeting is possible”. The inflation in the European Union already has risen above the ECB target of 2 percent because of the surging oil prices. The ECB kept the minimum bid … “Euro Rallies as ECB May Raise Interest Rates Next Month”
Will Eur gain against Cad and Aud!?
Hello Traders! Today we will take a look at Eur/Cad and Eur/Aud crosses, where Euro appears to be the strongest currency. In fact the recent price action suggests that Euro may gain even more against Australian and Canadian dollar. Well, if the US stocks will continue lower, then lower Aud and Cad definitely can be the … “Will Eur gain against Cad and Aud!?”
Aussie’s Rally Stalls as Exports & Building Permits Decline
The Australian dollar struggled to continue its rally versus the US dollar and the Japanese yen as the reports today showed that the number of building permits fell and the exports shrank. The currency also continues its decline against the euro. Australia’s exports of goods and services declined 4% (A$1,003 million) in January. The trade balance remained positive as the imports also fell, but the surplus was lower than in the previous month. The seasonally adjusted estimate for total … “Aussie’s Rally Stalls as Exports & Building Permits Decline”
Canadian Dollar Weakens After Yesterday’s Advance
The Canadian dollar fell today somewhat following the yesterday’s rise on the surging oil prices, declining supplies in the US and the interest rates decision by the Bank of Canada. April delivery for crude oil jumped as much as 2.9 percent to $102.50 as the military forces in Libya attempted to retake the regions occupied by the rebels. Crude reached $103.41 on February 24, the highest price since September 2008. The oil inventories of the US shrank by 400,000 last week, while they … “Canadian Dollar Weakens After Yesterday’s Advance”
Ruble Gains as Russia Loosening Control, Combats Inflation
The Russian ruble advanced today, rising to the highest level in more than a year against the US dollar, as the government loosened control of the currency and the central bank attempts to deal with the inflation. Nikolay Podguzov, VTB Capitalâs head of fixed- income strategy in Moscow, said: The decision to widen the band proves the Russian central bankâs willingness to address the inflation problem as a first priority. The central bank is ready to accept further exchange rate volatility. … “Ruble Gains as Russia Loosening Control, Combats Inflation”
Rand Goes Up as Gold Rallies
The South African rand jumped today, erasing yesterday’s losses, as gold surged on the concerns about the inflation and the unrest in Libya. The risk appetite waned from markets as the infightings between the forces loyal to Libya’s leader Muammar al-Gaddafi and the rebels renewed, increasing demand for safer assets. Gold climbed 0.2 percent to $1,436.90 per ounce, rising for the fourth day. The precious metal together with platinum makes up about a fifth of South Africaâs … “Rand Goes Up as Gold Rallies”
The risk of an ECB about turn
Quite a few parallels are being drawn between the current situation with food and energy prices and that being seen in 2008. Food prices, looking in absolute but general terms (i.e. the Economist index) are now higher than was the case back then. Food price inflation isn’t as high, but is certainly moving up. Guest … “The risk of an ECB about turn”
DragonOptions – A new Binary Options White Label From
After selling one of their white labels a few weeks ago, SpotOption continues to create more – DragonOptions enters the Russian market as the latest company from SpotOptions. The binary options market is growing quite fast. For more details, here’s the official press release. SPOTOPTION EXPANDS PORTFOLIO WITH NEW WHITE LABEL, DRAGONOPTIONS Leading Binary Options … “DragonOptions – A new Binary Options White Label From”
Pound Erases Yesterday’s Gains
The Great Britain pound declined today after it jumped yesterday as unexpected rise of the house prices and the record manufacturing PMI lead to the speculation the central bank will increase the interest rates. The Nationwide Building Society House Price Index increased by 0.3 percent in February from January. The index fell by 0.1 percent in January and was expected to decline even more â by 0.2 percent. The seasonally adjusted Markit/CIPS UK Manufacturing PMI … “Pound Erases Yesterday’s Gains”