RBA pleased with interest rate setting

Note: This section contains information in English only.
Source: Bloomberg
Reserve Bank of Australia Governor Glenn Stevens expressed his satisfaction with the present monetary policy regulation and is prepared to take more actions if needed. The Aussie jumped 5.2% this year reaching almost eight-month high earlier in July. The RBA stressed once again this month it surmises a period of no changes in the interest rates while the government is cutting spending.

 

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Tue, 22 Jul 2014 10:45:10 GMT

Micex loses $28 billion during worldwide bull market

With continued involvement in Ukraine the Russian financial markets are taking a beating. Since the late February intervention in Crimea Micex has lost around $28 billion in value, which is about 4.2%. This and the distress in Russia's bond market takes place during the time of exuberant demand in other markets, such as in the US and India.

Tue, 22 Jul 2014 05:13:09 GMT

Yen and Swiss Franc strengthened by unstable stocks

As European stocks fell, traders rushed for safe-haven currencies, resulting in rises in both Swiss Franc and Japanese Yen. Still, trading volume was light due to Japan's holiday. During the European session, the Euro dropped to 136.89 versus the Yen and also against the Swiss Franc, trading at 1.2147 francs. In regards to the US Dollar, the shared currency remained

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