Aussie and Kiwi extend gains on developments in Europe

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Source: Bloomberg
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New Zealand and Australian Dollars kept appreciating against most of their peers on Tuesday on investor optimism EU finance ministers have come closer to the solution of region's debt crisis amid Greek progress in debt swap agreement. Aussie climbed to $1.0525 while Kiwi surged to $0.8111 on Tuesday trade. Australian Dollar currently might be overpriced, suggest some analysts. Currently AUD/USD is trading at $1.0503 while NZD/USD is trading at $0.8106.
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Tue, 24 Jan 2012 07:39:26 GMT

Loonie gains on surge in oil prices

Canadian Dollar strengthened versus greenback on Monday as country's main export good, crude oil appreciated amid improving global economic outlook. The Canada's currency gained 0.5% and traded close to parity at C$1.0086 in Toronto trade. Last week loonie climbed 1%. Currently USD/CAD is trading at C$1.0076. 

Tue, 24 Jan 2012 07:34:52 GMT

Euro fluctuates near three week record high

17-nation currency slipped from almost three-week record high against US Dollar, after European FMs claimed Greece has to make bigger cuts in debt write down agreement. Euro fell 0.2% from $1.3013 in New York yesterday to $1.2989 this morning in Tokyo. However, the losses on common currency were restrained on investor speculation European production output and services contracted slower in

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