Kiwi advanced to a 6-month high versus the Yen

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
On Thursday, the New Zealand's Dollar grew to an almost 6-month high versus the Yen, following an announcement about unchanged interest rates by the central bank. The New Zealand Dollar was traded at 65.89 Yen, which was the highest since April, and consolidated at 65.86 Yen by 4:40 p.m. Sydney time, climbing 0.6% for the trading session.
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Thu, 25 Oct 2012 07:29:42 GMT

New Zealand holds interest rates at 2.5%

On Thursday, Graeme Wheeler, a new chief of the New Zealand's central bank, announced that the bank would maintain its benchmark interest at a record low of 2.5%, as strong currency hurts the country's exports, which are accounted for about 30% of GDP. The decision was in compliance with economists' expectations.

Thu, 25 Oct 2012 08:08:47 GMT

Gold futures seesaw on weaker greenback

Gold futures fluctuated on Thursday, gaining support near $1,700 per ounce after declining more than $50 during the past week, as the U.S. Dollar depreciated. December delivery futures advanced 0.4% to $1,709.10 per ounce. Same month silver surged 1%, copper rose 0.2% and palladium jumped 1.3%. January platinum futures soared 1%. The ICE Dollar Index slid to 79.8750 from 79.932.

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