The Euro declined to the lowest in two weeks versus the greenback after a report indicated that region's services and manufacturing output plummeted for a 15th month. The shared currency fell 0.6% to $1.2985, the lowest since April 8 and slid 1.2% to 128.16 Yen. Meanwhile, Japan's currency advanced 0.5% to 98.69 per greenback. In addition, due to unexpected increase
The Thailand Bath slipped by 0.4% to 28.79 per U.S. Dollar in the morning of Bangkok trading session on Monday. The currency dropped the most since 25th of January, as investors are concerned about a possible intervention from the central bank. The Bath strengthened by 6.2% this year damaging the competitiveness of of the country.
The Japanese Yen rose 0.5% to 98.70 per U.S. Dollar and 0.8% to 128.66 per Euro by midday trading session in Tokyo on Tuesday. The Japanese currency gains, as investors are concerned about a report indicating a slowdown in China's manufacturing growth. Last news spurred uncertainty about the largest Asian economy and its faltering growth.
The Australian Dollar, also known as the Aussie, edged lower by 0.4% to 1.0235 per U.S. Dollar in the second part of Sydney trading session on Tuesday. The Aussie, together with other commodity currencies, depreciates on data from China, which signal about a slowdown in manufacturing industry. The drop was bigger than expected and increases concern about future perspectives, as
The Canadian Dollar, also known as the loonie, was slightly higher at 1.0256 per U.S. Dollar in the end of Toronto trading session on Monday. The loonie gains against the major counterparts, as the crude oil price increased for a third day, which is the major exporting commodity of the country.
On Monday, the Euro was almost unchanged versus the US Dollar during the European trading hours, following a Eurostat report that showed an increase in total Eurozone debt to annual GDP ratio. The single European currency was traded at 1.304 versus the Greenback by 10:38 a.m. London time.
Statistic Estonia revealed on Monday that producer prices grew at a faster pace in March. Year-over-year, producer price index gained 5%, compared to a reading of 4.3% in the preceding month. Month-over-month, producer price inflation increase to 0.8%, which was mainly driven by electricity and heat prices.
Eurostat reported on Monday that the government deficit to GDP ratio of the Eurozone declined to 3.7% from a figure of 4.2% in the preceding year, while debt to GDP increase to a level of 90.6% compared to a reading of 87.3% during the previous year. The respective figures for the whole EU were 4.0% and 85.3%.
The Census and Statistics Department revealed on Monday that Hong Kong inflation decreased its pace in March. Composite consumer price index grew by 3.6% in March, compared to a figure of 3.7% in February and January. Inflation dropped mainly because of a decrease of fresh vegetable prices.
Statistics Denmark revealed on Monday that Danish retail sales decreased last March, which was mainly due to slump in clothing turnover. Month-over-month, retail sales declined by 0.5%, compared to a growth of 0.4% in the preceding month. Sales of clothes lost 2.7%, sales of other consumer goods fell by 0.6%, while sales of food increased by 0.1%.
The Swiss National Bank reported on Monday that the country's money supply increase accelerated for the second consecutive month. Year-over-year, M3 money supply grew at a rate of 9.9%, compared to an increase of 9.8% in February. M2 added 10.7% compared to a growth of 10.4% in the preceding month.
European stocks advanced, recovering from the biggest drop in five months, after Italy elected new president and the G-20 stopped opposing stimulus policies of the Bank of Japan. Moreover, Asian shares and U.S. index futures accelerated. The Stoxx Europe 600 Index rose 0.8% to 287.57, Italy's FTSE MIB Index gained 2.3%, while Standard & Poor's 500 Index contracts climbed 0.5%
Asian stocks advanced following Japanese exporters after the Japanese currency fell to the lowest in four years versus the greenback and stimulus policies of the Bank of Japan remained unopposed at G-20 meeting. The MSCI Asia Pacific Index added 0.6% to 137.11, the Nikkei 225 Stock Average rose 1.9%, Australia's S&P/ASX 200 Index advanced 0.7%, while New Zealand's NZX 50
The Chinese currency dropped, following its six-months high as the People's Bank of China set a new level of the currency's fixing which stops it from strengthening. The Yuan slid 0.08% to 6.1826 per greenback after gaining 0.24% a week ago. It is believed that China should sacrifice short-term growth in order to ensure structural adjustments.
The Aussie and Kiwi climbed against the greenback after gold rallied from three decades low and triggered appetite for risk. The Australian Dollar appreciated 0.3% to $1.0304 after a drop of 2.2% last week, the biggest fall since May, while the Kiwi gained 0.4% to 84.51 U.S. cents, bouncing back from a 2% plunge the week before. Gold for immediate
The Won dropped to the lowest in four years amid speculation lawmakers would prefer depreciation to support exporter of South Korea against more competitive Japanese rivals. The currency slid 0.3% to 1,119.05 per greenback, after earlier fall of 0.7%, the biggest intraday slump since April 8. Generally the Won depreciated 4.9% per Dollar and advanced 10% versus the Yen in
The Japanese currency weakened as Governor of Bank of Japan Haruhiko Kuroda indicated he was encouraged to continue a campaign in order to defeat deflation. The Yen dropped toward 100 per greenback for the first time since April 2009 and fell versus 13 of the 16 major peers. The currency slid 0.2% to 99.76 per Dollar as well as declined
Crude increased on Thursday rising for the second day in a row paring the third weekly drop amid speculation that the previous fall was too rapid and as the 17-nation bloc currency advanced versus the U.S. Dollar. WTI for May delivery added 23 cents to $87.96 a barrel on the NYMEX after it touched the lowest since December 11 at
Producer prices for industrial products in the Europe's largest economy expanded in the month of March, the latest data revealed by the statistical office Destatis showed on Thursday. According to the report the index of producer prices gained by 0.4% in March from the previous month, while the annual rate of change recorded 1.2% in February after it was 1.7%
Asian currencies set for the biggest weekly increase in a seven-month period on Thursday after Japan's monetary stimulus program fuelled inflows into the region's assets and as the People's Bank of China decided to widen the Yuan's trading brand. The JPMorgan Asia Dollar Index has increased by 0.5% to 117.98 this week at 4:22 p.m. Hong Kong time.
Copper traded in New York dropped on Thursday heading for the largest weekly drop in a 16-month period amid speculations that demand in the world's largest consumers of the metal, U.S. and China will be reduced by rising inventories of the metal. July Copper futures fell by 1.6% to $3,167 a pound on the New York's Comex set for the
Soybean futures decreased for the first time in a four-day period on Thursday amid speculation that falling supplies in the U.S. will reduce processing activities and boost South American imports. July Soybean futures dropped by 0.4% to $13.845 a bushel as of 11:25 a.m. on the Chicago Board of Trade after the price advanced as much as 0.8% to $14.005
British economy will likely slip back into recession in the first three months of 2013 as the country showed an unimpressive performance in the majority of its sectors, the Capital Economists UK showed in a survey on Thursday. According to the latest data the volume of retail sales in March dropped by 0.7% and trade in the sector fell by
Trade balance of Spain came in a shortfall in the month of February, although the trade balance gap narrowed as exports increased and imports recorded a notable fall, the latest data released by the Commerce Ministry showed on Thursday. Spain's trade deficit was 1.18 billion euro in February, lower by 68.5% on an annual basis and the lowest February's shortfall