Australia skyrockets to a 29 year high

Last Updated on Monday, 28 March 2011 05:54 Written by Elena Rajkovic Monday, 28 March 2011 05:54

The Aussies reached a 29 year high price of 1.0330 against the American Dollar earlier today. A positive attitude seems to prevail so more good news is expected for AUD/USD. The pair is currently trading at 1.0276

Euro Struggles after German Election

Last Updated on Monday, 28 March 2011 01:20 Written by Elena Rajkovic Monday, 28 March 2011 12:54

Angela Merkel suffered a crushing defeat in Baden-Württemberg, which plays against her leadership roles even though it was just a local vote. This caused the Euro to slip as it opened on Monday starting the new week in Asian trading.

Radioactive Japan

Last Updated on Monday, 28 March 2011 11:47 Written by Elena Rajkovic Monday, 28 March 2011 11:47

Nuclear radiation figures in Japan are over the top with the radiation levels reaching more that a 100,000 times above normal

Portuguese two notch downgrade causes Euro to sink

Last Updated on Friday, 25 March 2011 09:11 Written by Elena Rajkovic Thursday, 24 March 2011 11:21

Portuguese politics weigh the Euro down as the currency falls by 0.6% against the Dollar to a four day low at 1.4069. Moodys downgraded Portugal from A1 to A3 and outlook seems weaker for economic growth.

British Inflation Jumps

Last Updated on Wednesday, 23 March 2011 02:41 Written by Elena Rajkovic Wednesday, 23 March 2011 02:11

British inflation moved upwards in February by 0.4% from 4.0% to 4.4%.

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