The Aussie appreciated to the highest level this month versus the U.S. counterpart after China's imports topped the expectations in July. Australia's Dollar climbed 1% to 90.86 U.S. cents at 4:47 p.m. Sydney time, after reaching 90.89, the strongest level since July 30. The Kiwi added 0.1% to 79.81 U.S. cents, after touching 79.98 on Wednesday.
U.S. shares decreased, with the Standard & Poor's 500 Index falling for the first time for three days in a row since June 12 on bets the Federal Reserve will taper stimulus this year as soon as the economy expands. The S&P 500 dropped 0.4% to 1,690.91 and the Dow Jones Industrial Average fell 0.3% to 15,470.67.
The Japanese Yen fluctuates near ¥96 versus the greenback, the strongest level since June 19, as the Bank of Japan decided to keep bond purchases on economic recovery in Japan. The Japan's currency increased 0.15% to ¥96.20 versus the U.S. Dollar and declined 0.13% to ¥128.56 against the common currency, and jumped 0.01% to ¥149.20 against the Sterling.
Gold prices rebounded, but still remained under the level of $1,300 an ounce, with markets expecting more signs on when the Federal Reserve will begin to scale back its bond buying programme. Gold futures jumped 0.68% to $1,294.10 per ounce and silver gained 1.26% to $19.755 per ounce. Holdings in SPDR Gold Trust decreased to 910.53 tonnes, the lowest level
The Dollar Index has fallen to the lowest level since the middle of June and that may lead to advance in the closest time. The measure that monitors the U.S. Dollar versus the six nation's major trading partners has dropped 4.1% to 81.272 since previous month's strongest level of 84.753 at the beginning of it. The decline has slowed down,
The Euro touched the strongest level in seven weeks versus the greenback as German exports outpaced imports beating the expectations and that indicated on nation's economic recovery. The Euro traded at $1.3342 by 7:28 a.m. London time after it reached $1.3353 on Wednesday, while the shared currency was at 128.52 Yen.
British Pound advanced after the Bank of England released its inflation report. The Pound added 1% to $1.5501 against the greenback. The currency's gain had been boosted by Mark Carney' statement that QE will continue as long as unemployment is above 7%. The BoE will tolerate five basis points above the 2% inflation target.
Gold futures lost for the third consecutive session as Chicago Fed President Evans implied that the U.S. central bank could scale back its monthly asset purchases in September since the labour market has improved. The yellow metal for December settlement fell 0.5% to $1,276.60 per ounce as of 7:22 a.m. on the Comex in New York.
Emerging-market equities dropped to a four-week low as earnings from AngloGold, one of the world's largest producers of gold, and TPK Holding, a touch screen supplier of Apple, missed estimates. The MSCI Emerging markets gauge fell 1% to 937.28 as of 1:25 p.m. London time, headed for the lowest point since July 10.
Construction activity dropped in Canada in June amid fewer projects to build residential houses and commercial and industrial constructions. The value of approved construction permits fell 10.3% to $6.6 billion in June, while the value had a 5.8% gain in May. Analysts predicted the figure to decrease by 2.8%. Residential sector permit value lost 12.9%, while non-residential declined 6.1%.
The Canadian Dollar was at its lowest level in three weeks versus 15 out of 16 main trading peers as building permits decreased in June. The Canada's currency begun weakening on declining prices of oil, the nation's main export. The Loonie fell 0.6% to C$1.0435 per greenback as of 8:37 a.m. Toronto time, after reaching C$1.0437, the lowest level since
Gold declined for the third day in a row, after Chicago Federal Reserve President Evans provided signs that the central bank may start scaling back its bond purchases in the next few months. Gold touched $1,271.80, the lowest level in three weeks, adding to signs Bullion has retreated about 25% this year, after rising annually for 12 years in a
West Texas Intermediate crude fluctuated before U.S. report which may show that the nation's crude stockpiles dropped to the lowest level in six months, while prices gained after Germany, the largest economy in the EU, showed an increase industrial output in June. WTI for September settlement was at $105.50, up 20 cents, on the New York Mercantile Exchange at 11:31
Swiss shares were little changed, after the regional benchmark SMI almost reached a three-week high, as Swisscom AG results topped the estimates. The Swiss Market Index added 0.1% to 8,005.41 as of 11:27 a.m. Zurich time and it has increased 2.1% previous week, while the Swiss Performance Index also rose 0.1% today.
Treasuries gained as the Japanese Yen appreciated to a near seven-week high versus the greenback and equities fell, fueling demand for safer assets as government bonds. Yield on 10-year treasuries lost one basis point to 2.64% as of 11:00 a.m. in London. Both the MSCI Asia Pacific gauge and the S&P 500 declined by 0.6% and 0.4%, respectively.
U.K. shares retreated after the Bank of England stated that it will remain interest rates unchanged until the jobless rate reaches 7%. The FTSE 100 Index slid 0.7% to 6,556.52 as of 10:47 a.m. London time, after adding 0.3%; however, the gauge has increased 8.9% from the lowest level on June 24. The FTSE All-Share Index dropped 0.6% today, while
The common currency remained flat versus the greenback, as industrial output in Germany increased in June. The 17-nation currency appreciated 0.07% to 1.3316 versus the U.S. Dollar, as German industrial output jumped 2.4% in June measured month-over-month, after dropping 0.8% in the previous month. The Euro also retreated 0.23% to 0.8650 versus the Pound.
German industrial production grew 2.4% in June month on month, following a 0.8% decline in May, while economists had forecast a 0.3% increase. The German output rallied 2.0% in June on a yearly basis, revising a 1.2% slip in May. The factory orders in country advanced 3.8% in June, after dropping 0.5% in May.
The Sterling weakened versus the U.S. Dollar, after the Bank of England released Inflation data, which affects the Monetary Policy Committee decision on its interest rate. The British currency declined dramatically to $1.5204. The official central bank rate remains unchanged at 0.5% and the first rise of the rate is set until late 2015.
European share markets declined, sending both U.S. and Asian shares lower, as the Federal Reserve lawmakers announced that the bond purchase tapering is likely to start later this year. The Stoxx Europe 600 index contracted 0.5% to 301,99. The FTSE 100 index slipped 0.4% to 6,576.70, while the German DAX 30 index decreased 0.4% to 4,018.06.
Gold declined to a three-week low, retreating for a third straight day, on bets that the Fed will start to taper its monetary stimulus this year as the U.S. economy will continue its recovery. Spot gold slid 0.8% to $1,273.55 an ounce, the lowest in approximately three weeks, and traded at $1,283.28 as of 2:42 p.m. Singapore time, while the
Asian shares declined, with Japan's stocks leading drops across the Asia as the Japanese Yen advanced for the fourth day and metal prices retreated. Japanese Nikkei 225 Stock Average decreased the most in about two month as Yen appreciated to 96.87 versus the U.S. Dollar. Japan's Topix index slipped 3.2%, while South Korean Kospi index and Taiwan's Taeix index both
The British currency was little changed versus the greenback and Euro ahead of the BoE's Governor Carney statement on the future of nation's interest rates. The Sterling was at $1.5339 by 7:42 a.m. in London, after appreciating to $1.5392 on Tuesday, the strongest since July 29, while the Pound traded at 86.73 pence per Euro, after falling to 87.70 pence
The Australian currency declined against its 16 major peers before the unemployment claims that will be released tomorrow and the report is expected to show a rise to four year high. Australia's Dollar slipped 0.2% to 89.65 U.S. cents at 2:33 p.m. Sydney time, when it reached 90.05, the strongest since July 31, while the Kiwi stayed flat at 79