New Zealand may keep borrowing costs unchanged

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
Reserve Bank of New Zealand Governor is likely to stick to its current benchmark interest rate at 2.5% as global economic outlook worsens, predict economists questioned by Bloomberg. In case the country leaves interest rate unchanged, it will join Indonesia and South Korea that keep holding their benchmark rate at record low.

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Wed, 07 Dec 2011 09:10:39 GMT

Loonie appreciates as central bank signals growth

Canadian dollar rose second day in a row  against its US peer after Bank of Canada officials told the growth in US and home economy is sounder than expected. Canadian currency gained 0.6% against greenback reaching C$1.0100 per US dollar in Toronto evening trade. Loonie is the November's second best performer after Japanese yen. USD/CAD currently is trading at C$1.0072. 

Wed, 07 Dec 2011 08:18:20 GMT

Euro gains on rising optimism about summit

The 17-nation currency appreciated against US dollar and Japanese yen amid investor hopes that European leaders during summit will agree on bailout fund expansion to support most troubled countries. Euro gained 0.3% against greenback on Wednesday Tokyo trade reaching $1.3436 and advancing 0.3% against Yen, to ВҐ104.43. EUR/USD currently is trading at 1.3450 and EUR/JPY is trading at ВҐ104.48.

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