Aussie and Kiwi appreciate on global stock rally

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Source: Bloomberg
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New Zealand and Australian Dollars surged on Wednesday reaching one-week record high as Asian markets rallied ahead of ECB report about the results of unlimited three-year bonds. Investors are speculating the ECB will prompt debt purchases. Aussie gained 0.8% reaching $1.0157,while Kiwi climbed 0.7% attaining $0.7731. Currently AUD/USD is trading at $1.0174 while NZD/USD is trading at $0.7742.

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Wed, 21 Dec 2011 10:17:17 GMT

European banks may gain access to ECB money

ECB is set to provide Euro Zone banks with cheap financing. Today ECB will offer its three year loans. European banks are going to ask for around €293 bn ($384 bn), predict economists surveyed by Bloomberg. The cash will be offered at average ECB benchmark rate of 1%. ECB is attempting to provide banks with low-priced money for medium term, so that financials can continue

Wed, 21 Dec 2011 08:09:12 GMT

Euro recovers ahead of ECB announcement

17-nation currency appreciated for a second straight day ahead of ECB report about unlimited 3-year bonds. Investors expect ECB to boost purchases of Euro Zone's debt. Euro gained 0.2% against US Dollar reaching $1.3114 in Tokyo trade. European common currency also climbed 0.2% against Japanese Yen attaining ВҐ102.05. Currently EUR/USD is trading at $1.3109 while EUR/JPY is trading at ВҐ101.91. 

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