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29 Dec 2014
Forex Top movers: NZD on the move; USD/RUB rockets again; USD/INR at 13-month highs
FXStreet (San Francisco) - In a quiet session, the New Zealand Dollar is reporting solid gain versus the USD and the JPY as the Kiwi is being driven after the PBoC redefined its loan-to-deposit ratios calculation to boost lending. Australian Dollar is another beneficiary.
The top mover of the day is the USD/RUB as the Ruble weakens as the Russian economy shrinks further. Russia reported a GDP decline of 0.5% in November, the first fall in five years.
The USD/RUB is rallying 5.11% to 56.205 on the day. The Ruble has lost 71.00% YTD versus the USD. Other winners are NZD/USD: +0.88% to 93.892; and NZD/USD: 0.86% to 0.7792. The USD/INR is trading t 13-month highs around 63.575 after risen 0.10% o the day.
Top losers are USD/PLN: -1.19% to 3.5183; USDKRW -0.54% to 1,097.39; and USD/BRL -0.54% to 2.67836.
The top mover of the day is the USD/RUB as the Ruble weakens as the Russian economy shrinks further. Russia reported a GDP decline of 0.5% in November, the first fall in five years.
The USD/RUB is rallying 5.11% to 56.205 on the day. The Ruble has lost 71.00% YTD versus the USD. Other winners are NZD/USD: +0.88% to 93.892; and NZD/USD: 0.86% to 0.7792. The USD/INR is trading t 13-month highs around 63.575 after risen 0.10% o the day.
Top losers are USD/PLN: -1.19% to 3.5183; USDKRW -0.54% to 1,097.39; and USD/BRL -0.54% to 2.67836.