The Chinese currency dropped, following its six-months high as the People's Bank of China set a new level of the currency's fixing which stops it from strengthening. The Yuan slid 0.08% to 6.1826 per greenback after gaining 0.24% a week ago. It is believed that China should sacrifice short-term growth in order to ensure structural adjustments.
The Aussie and Kiwi climbed against the greenback after gold rallied from three decades low and triggered appetite for risk. The Australian Dollar appreciated 0.3% to $1.0304 after a drop of 2.2% last week, the biggest fall since May, while the Kiwi gained 0.4% to 84.51 U.S. cents, bouncing back from a 2% plunge the week before. Gold for immediate
The Won dropped to the lowest in four years amid speculation lawmakers would prefer depreciation to support exporter of South Korea against more competitive Japanese rivals. The currency slid 0.3% to 1,119.05 per greenback, after earlier fall of 0.7%, the biggest intraday slump since April 8. Generally the Won depreciated 4.9% per Dollar and advanced 10% versus the Yen in
The Japanese currency weakened as Governor of Bank of Japan Haruhiko Kuroda indicated he was encouraged to continue a campaign in order to defeat deflation. The Yen dropped toward 100 per greenback for the first time since April 2009 and fell versus 13 of the 16 major peers. The currency slid 0.2% to 99.76 per Dollar as well as declined
Crude increased on Thursday rising for the second day in a row paring the third weekly drop amid speculation that the previous fall was too rapid and as the 17-nation bloc currency advanced versus the U.S. Dollar. WTI for May delivery added 23 cents to $87.96 a barrel on the NYMEX after it touched the lowest since December 11 at
Producer prices for industrial products in the Europe's largest economy expanded in the month of March, the latest data revealed by the statistical office Destatis showed on Thursday. According to the report the index of producer prices gained by 0.4% in March from the previous month, while the annual rate of change recorded 1.2% in February after it was 1.7%
Asian currencies set for the biggest weekly increase in a seven-month period on Thursday after Japan's monetary stimulus program fuelled inflows into the region's assets and as the People's Bank of China decided to widen the Yuan's trading brand. The JPMorgan Asia Dollar Index has increased by 0.5% to 117.98 this week at 4:22 p.m. Hong Kong time.
Copper traded in New York dropped on Thursday heading for the largest weekly drop in a 16-month period amid speculations that demand in the world's largest consumers of the metal, U.S. and China will be reduced by rising inventories of the metal. July Copper futures fell by 1.6% to $3,167 a pound on the New York's Comex set for the
Soybean futures decreased for the first time in a four-day period on Thursday amid speculation that falling supplies in the U.S. will reduce processing activities and boost South American imports. July Soybean futures dropped by 0.4% to $13.845 a bushel as of 11:25 a.m. on the Chicago Board of Trade after the price advanced as much as 0.8% to $14.005
British economy will likely slip back into recession in the first three months of 2013 as the country showed an unimpressive performance in the majority of its sectors, the Capital Economists UK showed in a survey on Thursday. According to the latest data the volume of retail sales in March dropped by 0.7% and trade in the sector fell by
Trade balance of Spain came in a shortfall in the month of February, although the trade balance gap narrowed as exports increased and imports recorded a notable fall, the latest data released by the Commerce Ministry showed on Thursday. Spain's trade deficit was 1.18 billion euro in February, lower by 68.5% on an annual basis and the lowest February's shortfall
Manufacturing activity in the Philadelphia's area recorded a modest fall in the month of April, while business activity in the area stayed at the same level, the Federal Bank of Philadelphia reported on Thursday. The Philly Fed index of current activity decreased by 1.3% in April after it rose by 2.0% in March, while it was forecast to gain 3.3%.
A leading index of economic activity in the U.S. surprisingly declined in March after rising three straight months, a data unveiled by the Conference Board showed on Thursday. The data showed that the Conference Board leading index slipped 0.1% in March after it rose by 0.5% in February, while it was preliminary estimated to advance by 0.3%.
Bank loan demand in Japan advanced in the first three month of 2013 as rising sales caused a decrease in internally generated funds of customers, the report released by the Bank of Japan unveiled on Thursday. According to the report firm demand for loans increased from 4 points in the Q4 to 5 points in the Q1, while the index
China's Yuan was set for the biggest weekly appreciation in three months as the central bank showed plans to expand a trading band that's been limiting advance since October. The currency gained 0.21% and reached 6.1792 per greenback. Official data indicates that due to massive capital inflow, China's foreign-exchange reserves, which are the largest in the whole world, climbed by $128 billion to a peak of
The Won poised for a second weekly advance as tensions with North Korea reduced after the U.S. agreed to work with South Korea, China and Japan to involve the country into nuclear talks. The South Korean currency added 0.9% and reached to 1,119.70 per greenback and was heading for its biggest weekly gain in two months.
The so-called lonnie traded at almost the lowest in one month as G-20 meeting took place in Washington, indicating that the central bank are likely to implement measures to stimulate economic growth. The Canadian currency remained almost unchanged at C$1.0264 per greenback, after advancing earlier to C$1.0230. Yesterday it stood at C$1.0294, the lowest level since the beginning of March.
The Yen declined versus the greenback as Taro Aso, Japanese Finance Minister, indicated policies carried out after the currency fell to the lowest in four years went unopposed at the G-20 meeting in Washington. The Japanese currency plummeted 0.5% to 128.73 per Euro and slid 0.4% to 98.55 per U.S. Dollar, poising for a fourth day of declines. The shared currency advanced 0.1 to $1.3065.
South Korean currency depreciated on Thursday recording its biggest drop in more than a week after demand for riskier assets was reduced amid concerns about weaker global economic recovery, while government bonds increased. The Won declined by 0.5% to 1,123.69 per U.S. dollar in Seoul, the largest fall since April 8, while yields on South Korean 2.75% government bonds due
Retail sales in the United Kingdom fell more than originally expected in March mainly due to a decrease in sales of non-food stores, the report released by the Office for National Statistics showed on Thursday. According to the report retail sales slipped sequentially 0.7% in March reversing an increase of 2.1% recorded in the month before, while retail sales were
Italian and Spanish government bonds increased on Thursday as Span set to auction notes due between 2016 and 2023 in total amount of 4.5 billion euro and as Italian lawmakers try to break political deadlock with ballots for the head of the state. Spain's 10-year yields slipper three basis points to 4.65% and Italy'10-year rate declined one basis point to
Emerging-market shares fell to the weakest level in almost a five-month period on Thursday after lower prices of commodities dragged down producers and as suppliers of Apple Inc. retreated. The MSCI Emerging Market Index decreased by 0.3% to 997.95 as of 2:12 p.m. Hong Kong time heading for the weakest closing price since November 28.
Government bonds of Australia increased, pushing the benchmark 10-year rates down to the lowest level in more than a four-month period amid speculation that the Reserve Bank of Australia will cut borrowing costs. 10-year yields dropped nine basis points to 3.17%, the lowest in four months, while the three-year rate was at 2.68%, the weakest since January 24.
The U.S. Dollar depreciated versus most of its 16 major peers on Thursday before reports were released showing that the total number of Americans claiming unemployment benefits rose and a leading economic indicator slowed down. The so-called Greenback slid 0.2% to 97.97 yen as of 9:49 a.m. in London and it was 0.1% down at $1.3049 per euro.