Euro appreciates ahead ECB meeting

Note: This section contains information in English only.
Source: Bloomberg
The Euro increased by 0.4% to $1.3117 in the end of New York trading session on Monday. The major currency pair rose for a second consecutive session against the Dollar from almost a 3-month low. Investors trade the Euro negative, amid concern that the Euro region economy is faltering. Also, the ECB holds a meeting on the 10th of January and, according to analysts, it will keep the main interest rate at 0.75% benchmark, a record low.
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Tue, 08 Jan 2013 08:48:26 GMT

Canada Dollar rises on a business gauge increase

The Canadian Dollar, also known as Loonie, increased by 0.1% versus the U.S. Dollar to 98.59 cents in the end of Toronto trading session on Monday. The Loonie increases for the second day against the U.S. counterpart, as a gauge of business activity exceeded estimations in December, signalling faster economic growth. The actual number was 52.8, following 47.5 in November,

Tue, 08 Jan 2013 12:53:04 GMT

Forecast: India's Rupee will appreciate by 10% on the interest-rate cut

The Indian Rupee will appreciate more than 10% in 2013, as the top forecasts from from investment banks say. That would be the biggest gain in last six years. As analysts say, the RBI, the central bank of India, will reduce its interest rate by 25 basis points to 7.75 and lower the highest borrowing cost among the biggest Asian

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