Forex News and Reviews

• New Zealand Weakens on Europe’s Debt Crisis

  May 15, 2012

  

  The Kiwi has seen a dramatic decline over the last week as markets reacted to the spread of Europe’s sovereign-debt crisis. The Kiwi traded at 2.054 NZD to the British Pound on Friday up from the 2.031 NZD on Monday, finishing on an average of 2.042 for the week.

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  Saskia Johnston | 

  1st Contact Forex | 

• Rand Falls to 3 Week Low as Investors Back Away from Risky Assets

  May 15, 2012

  

  The Rand began trading last week Monday the 7th May 2012 around the 12.65 mark against its British counterpart and 10.24 to the Euro. The Rand closed significantly weaker against both major currencies on Friday the 11th May 2012 at 12.93 to the British Pound and 10.36 to the Euro.

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  Paul Gerber | 

  1st Contact Forex | 

• The Aussie weakens after Greek Elections

  May 15, 2012

  

  The deepening Greek debt crisis has continued to weaken the Aussie Dollar as political instability prevails in the European country. The Aussie traded at 1.5985 AUD to the British Pound on Friday up from the 1.5868 AUD on Monday.

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  Elizabeth Britz | 

  1st Contact Forex |