Kiwi strengthened on signs Reserve Bank may increase rates

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Source: Bloomberg
The New Zealand's currency advanced on Thursday rising against the majority of its most-traded peers and reaching the five-year peak versus the Aussie amid speculation that the Reserve Bank of New Zealand may raise its benchmark interest rates as the economy improves. The so-called Kiwi grew 0.3% to 82.84 U.S. cents, it added 0.5% to 84.98 yen and traded at NZ$1.0893 per Aussie.

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Thu, 12 Dec 2013 15:21:03 GMT

Indian inflation exceeds 11% in November

The consumer price index in India surged 11.24% in November of this year on the annual basis, while the Central bank could reject to increase the main interest rate, as the industrial production declined. The total output shrank 1.8% in October, more than economists predicted before. The current key interest rate is 7.75%, which has already been increased in September

Thu, 12 Dec 2013 11:31:04 GMT

Aussie drops as unemployment rises

The Australian Dollar weakened on Thursday falling for the second straight day after a government report showed that jobless rate advanced to the highest figure since 2009 and as consumer spending in the U.S. accelerated. The so-called Aussie declined 0.2% to 90.27 U.S. cents as of 4:57 p.m. Sydney time following a 1.1% fall recorded yesterday.

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