Housing starts in Canada grew by 216,000 units in March

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Source: Forexpros
Canada's housing starts edged up unexpectedly last month, reported Canada Mortgage and Housing Corporation. Housing starts rose by 216,000 units on an annualized seasonally adjusted basis while experts predicted a 200,000 units fall in March. After the data release, the Canadian Dollar appreciated against its US rival and USD/CAD traded at 1.0024 in late Tuesday session, advancing by 0.2%.


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Thu, 12 Apr 2012 09:29:29 GMT

Natural gas tested new 10-year low; support of 2.00 US Dollars broken

Natural gas futures fell below its key support level of 2.00 US Dollars per BTU, approaching 10-year low late on Wednesday as traders continued to sell off the fuel. Natural gas for May delivery traded at 1.98 US Dollars per BTU on the New York Mercantile Exchange, sinking by 2.39% in late US trade.

Thu, 12 Apr 2012 11:46:30 GMT

Aussie and Kiwi rally as stock markets rebound

New Zealand and Australian currencies strengthened on Thursday as US shares recovered and data showed Australian employers added nearly 7 times more new jobs than predicted in March. Aussie rose 0.5% versus its US peer to USD 1.0301 while Kiwi jumped 0.4% to USD 0.8181. Currently AUD/USD is trading at 1.0390 and NZD/USD is trading at USD 0.8208. 

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