Euro rises to a 2-week high against Franc

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Source: Reuters
© Scanpix/Reuters

On Thursday, the Euro grew to a 2-week high versus the Swiss Franc, as traders' sentiment was buoyed by speculation that Spain's request for a bailout will happen soon. The 17-nation currency added 0.2%, to trade at 1.2133, which was highest level since the middle of September. Moreover, the ECB is expected to leave interest rates unaltered on Thursday.

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Thu, 04 Oct 2012 11:41:32 GMT

BoE holds key rate unchanged

The Bank of England kept the base rate of interest at the record low of 0.25% for the 44th consecutive month and decided to hold off any further economy-boosting measures. Economists had widely forecast such outcome. Analysts expect no further quantitative easing until November, when the latest investment of 50 billion Pounds is used up. The total commitment in bond-purchasing

Thu, 04 Oct 2012 12:02:49 GMT

Asian currencies rise to 7-month high on U.S. employment data

Asian currencies were close to 7-month high as data showed the U.S. employment increased more than economists projected, alleviating market concerns about global slowdown and boosting demand for riskier assets. The Taiwan Dollar gained 0.3% to NT$29.322 versus the U.S. Dollar, while the Philippines peso rose 0.1% to 41.555.The Malaysian Ringgit climbed 0.1% to 3.0575. 

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