Euro gains on central bank stimulus expectations

Note: This section contains information in English only.
Source: Bloomberg
The Euro surged to an almost seven-week high after belief China and the U.S. will post monetary easing fueled demand for better-performing currencies. The 17-nation currency advanced versus the Yen before Germany and France meeting today. On Thursday, the Euro rose 0.2% to $1.2549, after touching $1.2572, the highest since July 4. The Euro surged 0.2% to 98.66 Yen.
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Thu, 23 Aug 2012 13:20:57 GMT

Gold climbs amid Fed stimulus expectations

Gold rallied to a 16-week high, after exceeding the 200-day average, as the Fed said it may create additional stimulus and investment stockpiles surged to a record. On Thursday, bullion for December delivery rose 1.5% to $1,665 per ounce in New York. Futures increased to $1,669.50 earlier today, the highest since May 1. The metal climbed 0.5% to $1,662.95 in

Thu, 23 Aug 2012 15:08:34 GMT

Inflation in South Africa decelerated strongly in July

The inflation in South Africa slowed more-than-expected in July, and speculations grew that nation's policy makers may cut the benchmark interest rate already for a second time in this year. The South African inflation rate reached a fourteen-month low, at a 4.9 per cent level, down from 5.5 per cent in the previous month.

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