Kiwi gains as inflation rises last month

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Source: Reuters
The New Zealand's currency advanced on Tuesday trading session after a report showed that the country's inflation increase by more than economists originally expected last month suggesting that the Reserve Bank may raise interest rates soon. The so-called Kiwi traded at $0.8324 as the central bank may lift rates on the next week's policy meeting.

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Tue, 21 Jan 2014 08:45:42 GMT

Pound rises before U.K. business confidence report

The British Sterling strengthened on Tuesday rising towards the highest level in two weeks against the euro-area currency before a report showed that business confidence in the United Kingdom jumped to the strongest level in twenty years in November-January quarter. The Pound added 0.1% to 82.44 pence a Euro by 7:43 a.m. in London.

Tue, 21 Jan 2014 08:40:10 GMT

Greenback rises versus Yen as Fed may scale back

The U.S. currency held firm against the Japanese Yen on Tuesday and it is approaching a possible resistance level at 104.92 yen after the U.S. Federal Reserve signaled that it may cut its bond-purchasing program further on a policy meeting next week. The so-called Greenback added 0.5% to 104.65 yen and traded close to its one-week high reached on January

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