Yen and Franc in favor as risk appetite weakens

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Source: Reuters
The Japanese Yen and Swiss Franc advanced on Thursday after gaining in overnight session against the U.S. Dollar as investors' risk appetite weakened amid signs that the Chinese economy is slowing and as Ukraine's geopolitical tension escalating. The U.S. Dollar was last traded at a level of 0.8741 Swiss Franc following a drop to 0.8731, while it was last seen at 102.74.

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Thu, 13 Mar 2014 07:20:38 GMT

Kiwi gains as RBNZ raises rates

The New Zealand's currency significantly increased on Thursday trading session after the Reserve Bank of New Zealand raised its benchmark interest rates by 25 basis points from 2.5% to 2.75%. The so-called Kiwi advanced to $0.8567, the highest level in a 10-month period and it hit the highest level in five years against the Japanese Yen at 87.98.

Thu, 13 Mar 2014 07:20:18 GMT

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