USD hits 3-year low. AUD 29-year high.

Last Updated on Thursday, 21 April 2011 11:42 Written by Elena Rajkovic Thursday, 21 April 2011 11:42

U.S dollar depreciates to a 3-year low price in the forex market causing a spur by analysts saying that this it’s possible it might fall further. With a dim outlook the USD fell against most of its major currency rivals.

Australia expecting PPI data results

Last Updated on Wednesday, 20 April 2011 04:15 Written by Elena Rajkovic Wednesday, 20 April 2011 04:15

Important news of Australia’s PPI (Producer Price Index) data is being released April 21st. No matter the results that come out the frequency of this release in a worl of appreciating inflation makes it of valuable importance.

EUR appreciates to 15-month high

Last Updated on Wednesday, 20 April 2011 03:42 Written by Elena Rajkovic Wednesday, 20 April 2011 03:26

European currency peaks to over a year high price against the Greenback.

Swedish repo rate raised to 1.75%

Last Updated on Wednesday, 20 April 2011 02:29 Written by Elena Rajkovic Wednesday, 20 April 2011 02:29

Repo rate was raised by 0.25%, from 1.50% to 1.75%. interest rates from the Swedish Riksbank was as expected. The economy of Sweden is growing steadily with the Swedish Krone proving to be one the best currency preformer against all major currencies. Infalation is Sweden is currently low but is expected to increase as economic activity powers up. Riksbank is expecting the economy is grow about 4.6% in 2011.

Aussie going strong

Last Updated on Wednesday, 20 April 2011 02:30 Written by Elena Rajkovic Wednesday, 20 April 2011 12:07

Australia hits a new 29-year against the U.S Dollar trading in the forex market at 1.0599. Aussie rose from a low of 1.0442 to spike another high price of almost 3 decades, the previous high was 1.0577.

Australian export prices hopped 5.2% in the first quarter.