Aussie Interest Rates unchanged
Last Updated on Tuesday, 3 May 2011 11:39 Written by Elena Rajkovic Tuesday, 3 May 2011 08:34
The Reserve Bank of Australia announced its decision of keeping interest rates unchanged at 4.75%, as the previous value and as it was forecasted for this month. This is the fifth meeting that the cash rates have remained unchanged by RBA.
ISM manufacturing report on Business
Last Updated on Monday, 2 May 2011 05:06 Written by Elena Rajkovic Monday, 2 May 2011 05:03
Institute Supply Management Manufacturing Purchasing Manager’s Index data just released with a value of 60.4, good news as it is higher than the forecasted 59.0 but yet lower than the previous figure of 61.2.
USD hoping for a rise
Last Updated on Monday, 2 May 2011 04:53 Written by Elena Rajkovic Monday, 2 May 2011 04:53
The world’s least well-performing currency is looking out to be the USD, for the past three months. Hitting 3-year lows and struggling against the by the day; rebound seems far from real this year for America. The Euro hit 16-month high thanks to the weak dollar, and JPY has had it’s shiny moments.
Swiss Retail Sales and PMI data released
Last Updated on Monday, 2 May 2011 12:04 Written by Elena Rajkovic Monday, 2 May 2011 11:59
Switzerland’s Real Retail Sales were released with lower news than expected from the previous figure of 1.8% to -0.2%; making it a bit of a struggle for the swiss currency. Further news were released about Swiss PMI, just after the Retail Sales.
USD skyrockets
Last Updated on Tuesday, 3 May 2011 06:53 Written by Elena Rajkovic Monday, 2 May 2011 11:18
Triumph by the American people in the United States as President Obama announced in a late night conference that Osama Bin Laden was finally captured and killed in a firefight in Pakistan where Bin Laden had reportedly located his hideout. US military forces discovered the location and proceeded on to find the man himself. Osama’s body is being held by the US.
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