Ausie and Kiwi gain ahead of US jobs report

Note: This section contains information in English only.
Source: Bloomberg
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The New Zealand and Australian dollars experienced increase on Friday and posted substantial weekly advance against their major peers as US statistics is going to publish data on increasing employment level. Aussie has climbed 5.3% on weekly basis and traded at $1.0221 on Sydney trade while Kiwi has added 5.3% since November 25 and traded at $0.7800. AUD/USD currently is trading at $1.0217 while NZD/USD is trading at $0.7800.
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Fri, 02 Dec 2011 07:45:00 GMT

Japanese capital spending decreased

Capital spending among the Japanese companies declined unexpectedly during the last quarter, according to official data. Japanese capital spending decreased by 9.80% on a yearly basis being higher than 7.80% decrease in the previous quarter. Experts projected country's capital spending to fall by 3.60% in the period.

Fri, 02 Dec 2011 07:43:56 GMT

Eurozone's crisis impact African economies

African economies are impacted by the euro-zone debt crisis as Europe countries are the largest trading partners of Africa, said Pravin Gordhan, South Africa's finance minister. Europe dictates the investment pattern and when Europe experienced downturn Africa sees money outflow from its economy, he added.  European crisis increases volatility of the commodity prices and currencies in Africa, claimed Ngozi Okonjo-Iweala, Nigeria's finance minister.

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