Kiwi falls on slowing inflation

Note: This section contains information in English only.
Source: Bloomberg
The New Zealand Dollar dropped versus all the major counterparts after data indicated that inflation slowed to the weakest pace in 12 years, increasing speculation that the nation's Reserve Bank will lower interest rates. The Kiwi Dollar lost 0.3% to 81.59 U.S. cents, while remaining unchanged at 67.38 Yen. Consumer prices in New Zealand increased 0.8% in the Q3 from a year earlier, the lowest level since 1999. 
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Tue, 16 Oct 2012 07:01:27 GMT

Asia stocks rise on U.S. retail data

Asian stocks rose on Tuesday, lead by better-than-forecast U.S. retail sales, pushing Dow Jones Industrial Average 0.7% up, and a rebound of Softbank Corp.'s shares in Tokyo. The Nikkei surged 1.2%, the Kospi added 0.9%, while the S&P/ASX 200 and the Hang Seng indices both advanced 0.3%. The Shanghai Composite index gained 0.5%.

Tue, 16 Oct 2012 08:19:21 GMT

Wheat slumped on weak demand for US shipments

Farm commodities plunged on Monday as favorable weather conditions accelerated harvesting in the US and Brazil. Slightly lower US Dollar despite encouraging national data restricted losses of rural commodities. Wheat lost almost 1% after US numbers showed that farmers sold only 14,200 tons of grain last week, the lowest level since June.Corn was the top-loser as US harvesting is accelerating.

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