Kiwi hit two-month record-high on Chinese CPI

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Source: Bloomberg
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New Zealand Dollar sharply appreciated on Thursday after China said its price inflation cooled in December spurring hopes for additional monetary stimulus. New Zealand's domestic currency climbed to $0.7981, a record high since November 9 while its Australian counterpart slightly declined from $1.0310 to $1.0294. Currently NZD/USD is trading at $0.7949 and AUD/USD is trading at $1.0297.
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Thu, 12 Jan 2012 15:33:35 GMT

Loonie falls as European concerns stimulated demand for US Dollar

Canadian Dollar depreciated on Wednesday breaking three day gains as investors boosted their demand for US Dollar amid worries European debt turmoil is worsening. Canadian currency lost 0.4% reaching C$1.0196 per US Dollar in Toronto evening trade amid bets French sovereign ratings still might be cut. Currently USD/CAD is trading at C$1.0184. 

Thu, 12 Jan 2012 15:30:33 GMT

Bank of England may abstain expanding stimulus

Mervyn King, the governor of the Bank of England, said the bank may cease adding extra financial stimulus to the economy as UK manufacturing and service gauges increased unexpectedly previous month indicating country's economy may be gaining positive momentum. Still officials are caution regarding possible impact of European debt crisis.

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