Brazil signals on keeping interest rate at record low

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Brazilian governors last night kept the Selic rate unchanged at 7.25% level, ending the second-longest period of reduction in order to prevail inflation from accelerating. The Central Bank of Brazil signaled that they are planning to keep the key interest rate in the record low for the longest period, as the domestic economy slips to the worst two-year performance in last decade.
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Thu, 29 Nov 2012 12:47:19 GMT

Euro gains on optimism that U.S. will reach a deal on new budget

The Euro, 17-nation currency, advanced by 0.3% to 106.60 yen and by 0.2% to $1.2981 in the beginning of London trading session on Thursday. The Euro strengthens on speculations that Barack Obama and Congress will reach an agreement on a new U.S. budget and avoid the fiscal cliff, which most probably would drag the biggest world economy in a recession.

Thu, 29 Nov 2012 12:25:19 GMT

Won advandes on a new U.S. budget otimism

The Won, South Korea's currency, increased by 0.2% to 1,084.13 per Dollar in the end of Seoul trading session on Thursday. The Won gained on the Barack Obama's comments that he will reach an agreement with Congress on a new U.S. budget for 2013 to avoid so-called fiscal cliff. However, currency's gains were not significant as traders were cautious due

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