Rand continues to depreciate on power blackouts

Source: Bloomberg
The South Africa's Rand dropped by 0.4% to 9.1842 per U.S. Dollar in early Johannesburg trading session on Tuesday. The currency fell 7.7% this year and is the worst performer among emerging markets currencies. Investors are very concerned about power blackouts by Eskom Holding. The state owned electricity company can not ensure a reserve power margin, due to coal supply shortages.
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Tue, 19 Mar 2013 13:12:06 GMT

Australian Dollar is close to five-month high on governor comments

The Australian Dollar, also known as the Aussie, was traded at $1.0386 in the end of Sydney trading session on Tuesday. The Aussie was 0.3% lower than a five-month high, as central bank governor supported a higher exchange and saving levels, saying that would help to stabilize the domestic economy and contain a current inflation rate. Therefore, it might be

Thu, 21 Mar 2013 06:54:10 GMT

Poland's core inflation slows down to 5-year low in February

Polish core inflation slowed down to its lowest figure since November 2007 in February, while the consumer price index stayed unchanged on a monthly basis at 0.1%, the country's central bank reported on Monday. The report showed that core consumer prices advanced annually by 1.1% in February following a 1.4% rise recorded the month before, while the core inflation was

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