Aussie hit trades close to November high ahead of jobs report

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Source: Bloomberg
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Australian Dollar appreciated sharply against greenback on Wednesday, fluctuating close to 1.5 month record-high before country's jobs report due tomorrow. Analysts expect the hiring increased in December. Aussie gained 0.2% against US Dollar to $1.0401 on Sydney trade while Kiwi surged 0.4% to $0.8037. Currently AUD/USD is trading at $1.0380 and NZD/USD is trading at $0.8023.
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Wed, 18 Jan 2012 08:06:51 GMT

China faces cooling economy

Recent economic news from China clearly indicated that country's economy is cooling. New house prices in 52 out of 70 cities tumbled in December on a monthly basis, reported the National Bureau of Statistics. Considering yearly changes, home prices added 1% in Beijing, signaling lower increase than November's reading. FDI also slumped for the second consecutive month in December, contacting

Wed, 18 Jan 2012 09:12:05 GMT

Loonie strengthens against US Dollar on China GDP

Canada's Dollar reached two-week record high against its US peer as higher-than-expected GDP expansion in China improved demand for riskier assets. Canadian currency climbed 0.3% against US Dollar to C$1.0151 on Toronto evening trade. Currently USD/CAD is trading at  C$1.0152. 

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