Kiwi and Aussie hit the one-week high but retreat later

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Source: Bloomberg
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The New Zealand and Australian Dollars reached the week record high against their US peer after European Finance Ministers reached an agreement how to extend EFSF bailout firepower and said to provide more details on December 9. However, both currencies offset gains as Asian stock markets escalated a drop. Kiwi fell from $0.7610 to $0. 7606 while Aussie dropped to $0.9978 after hitting $1.0087. NZD/USD currently is trading at $0.7587 while AUD/USD is trading at $0.9970.

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Wed, 30 Nov 2011 08:46:37 GMT

UK consumer confidence remains low

In November UK's consumer confidence remained near to its 2.5 year-low. The sentiment index added 1 point reaching -31 or 1 point higher compared to October. The estimate for the expectations for British economy lost 2 points to -33 hitting 2.5 year-low. According to Nick Moon, GfK Social Research's director, the results are not surprising, taking into account pessimism in mass media. 

Wed, 30 Nov 2011 08:45:23 GMT

Canadian dollar appreciates for the fourth day in a row

Canada's dollar gained against US dollar for the fourth consecutive day, as US reported a surge in American customer confidence. An increase in oil prices also fuelled the escalation of the so-called loonie. Canadian national currency climbed 0.2% on Tuesday reaching C$1.0321 per one US dollar in Toronto trading session. Despite the recent appreciation, Canadian dollar has weakened 3.2% on a yearly basis. The

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