The Chinese currency slipped 2.4% against the U.S. currency last quarter, thus posting the biggest drop among the Asian currencies. The Renminbi has been gaining ground for almost a decade, but with the drop last quarter it has nearly erased last year's gain of 2.9% and the speculators lost $5.5 billion.
Gold traded near the lowest point in seven weeks in London, since investors scrutinise Fed's outlook on the monetary policy. Gold for immediate delivery gained 0.3% to $1,287.42 an ounce as of 9:40 a.m. London time, and reached $1,278.20 today, the weakest level since February 11. The yellow metal for delivery in June climbed 0.3% to $1,287.60 in New York
The Italian labour market recorded the highest unemployment rate all-time as the rate advanced further in the month of February, a report published by the statistical office Istat revealed on Tuesday. The report also showed that the country's jobless rate increased from a level of 12.9% in January to 13% in the following month.
The Australian national bank left the key interest rates at the lowest level all-time as the economy struggles to find its way to stable economic growth, a report released by the bank showed on Tuesday. According to the report, the Reserve Bank of Australia maintained the benchmark cash rate stable at 2.50% matching economists' forecast.
Unemployment rate in the 18-nation bloc stayed flat in the month of February, however the total number of people without a job fell by 35,000, a report released by the statistical office Eurostat unveiled on Tuesday. According to the report, the Eurozone's jobless rate remained at a level of 11.9% in February as the January's figure was downwardly revised to
The Indian central bank decided to maintain the benchmark interest rates unchanged and signalled that it may keep the rates at current level in the near future, a report released by the bank showed on Tuesday. The Reserve Bank of India kept the key interest rate at a level of 8.00% after the rate was raised by 25 basis points
Manufacturing sector in France advanced in March rising towards the strongest level in thirty three months and beating initial economists' projections, a report released by the Markit Economics unveiled on Tuesday. According to the report, the French manufacturing purchasing managers' index added from a level of 49.7 in February to 52.1 in March.
Manufacturing sector in the Europe's largest economy eased in the month of March rising at a slower rate than economists originally forecast, a report published by the Markit Economics showed on Tuesday. According to the report, the Germany's purchasing managers' index slipped from 54.8 points in February to 53.7 points in March.
Manufacturing sector in the 18-nation bloc increased in March extending its series of gains to nine months, a report released by the Markit Economics showed on Tuesday. According to the report, the Eurozone's manufacturing PMI slipped from February's 53.2 points to a level of 53.0 in March, staying in a positive area above 50.
The New Zealand's currency increased on Tuesday trading session rising towards the strongest level in six years after the so-called Kiwi recorded an increase of 3.6% in the first three months of this year as the country's central bank raised interest rates. The New Zealand's Dollar was last seen at 89.90 yen on Japan's sales tax hikes.
The Japanese currency weakened on Tuesday trading session as the country implemented sales tax hikes, while the U.S. currency slipped as the U.S. Federal Reserve claimed that the current monetary policy is in line with the bank's plan. The Yen traded at 103.35 per U.S. Dollar after closing at the weakest level in a three-week period at 103.44.
Government across Europe increased on Tuesday trading session with the benchmark 10-year yields falling towards the lowest level since 2005 amid speculation that the European Central Bank may ease its monetary policy on this week's policy meeting. Italy's 10-year notes yielded at 3.29%, down by 1 basis point, while the Spain's 10-year bonds were last seen at 3.23%.
Global equities advanced on Tuesday trading session begun this quarter with an increase as emerging markets' shares kept growing before this week's policy meeting of the U.S. Federal Reserve and before reports from the U.S. labour market. The MSCI broadest world-stock gauge was last traded at the highest level in three months, while the Asian MSCI gauge rose to 4-month
West Texas Intermediate dropped for a second day on concerns relating to China's economy cooling and forecasts that supplies of U.S. crude advanced for an eleventh week. Futures decreased 0.6% in NY after the 1% loss in March, the biggest in four month. The data showed the slowdown of China's manufacturing indexes, due to WTI for delivery in March dropped
The 18-nation currency appreciated for a third straight day versus the greenback after Germany's unemployment rate dropped more than forecasted. The Euro added 0.2% to $1.3792 as of 10:38 a.m. London time, after climbing 0.2% during the last two days. Eurozone's currency rose 0.3% to 142. 48 Yen after advancing to 142.64 Yen, the strongest level since the middle of
Gold was near the lowest level in seven weeks as investors speculated on Fed's outlook for its monetary policy. The yellow metal for immediate delivery slipped 0.5% to $1,278.20 an ounce, the lowest level since February 11, and was at $1,285.74 as of 3:08 p.m. Singapore time. Bullion for June delivery fell 0.5% to $1,277.40 an ounce in New York.
A declining Canada's Dollar is a positive event for majority of nation's companies, increasing the profits made in U.S. Dollar compared to costs in the local currency. The Loonie will weaken to C$1.14 against its U.S. counterpart, the lowest level in more than four years, by the end of this year, according to Bloomberg. Canada's Dollar appreciated 0.3% to C$1.1024
The U.S. Dollar geld drop against majority of most traded counterparts as investors speculated whether this week's U.S. economic data will be at least in line with expectations. The greenback touched $1.3776 per Euro at 6:57 a.m. London time, after sliding 0.2% in the past couple of days to $1.3769. It was little changed at 103.26 Yen, while the Euro
The Australian Dollar climbed above 93 U.S. cents level for the first time in last four months as nation's central bank interest rates were untouched. The Aussie gained to 93.04, making it the highest level since November 21, while Australia's Dollar appreciated 0.1% to 95.68 Japanese Yen, after reaching 96.06, the strongest since June 5.
Precious metals mostly increased on Monday trading session extending monthly gains amid speculation that metal supplies may be curbed by a decision of the European Union and the U.S. to put sanctions on Russia. Silver for settlement in May added 0.9% to $19.965 an ounce, platinum for delivery in July jumped 1.1% to $1,423.30 an ounce and palladium for June
Gold traded in New York slightly increase on Monday trading session, however it was traded close to the weakest level in six weeks as investors speculate whether the U.S. Federal Reserve curb stimulus or not and as physical demand for the precious metal may rise as the prices fall. Gold for settlement in June jumped 0.1% to $1,296.10 an ounce
The European benchmark Brent crude declined on Monday trading session falling for the third week after a report showed that oil output in African Libya recorded 170,000 barrels per day and strikes in the Elephant field continue. Brent for delivery in May lost as much as 24 cents to $107.81 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate oil advanced on Monday session and traded close to its strongest level in a three-week period amid speculation that the geopolitical tension in the Ukraine's Crimea eased over the last few days. WTI for settlement in May slipped as much as 36 cents to $101.31 per barrel on the NYMEX as of 12:39 p.m. in London.
U.S. Treasuries dropped on Monday trading session extending a monthly drop on speculation that this week's report may signal than the world's largest economy may have improved reducing demand for safe-haven government bonds. The benchmark 10-year notes yielded four basis points higher at 2.76% by 10:21 a.m. New York time.