Aussie advances on positive signs of China's economy

Source: Bloomberg
© Scanpix/Reuters
Australia's Dollar reached the strongest level in 2 weeks after data from China showed signs of stabilizing economy, brightening the outlook for exporters of the Pacific nation. The Aussie Dollar touched $1.0397, the highest level since October 1, before trading at $1.0388. It gained 0.3% to 82.20 yen. The New Zealand traded at 82.17 U.S. cents and gained 0.3% to 65.03 yen.
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Thu, 18 Oct 2012 06:49:28 GMT

Asian stocks rise on China's economic growth

Asian stocks gained as economic growth in China met economists' projections and U.S. housing starts increased. The MSCI Asia Pacific Index rose 0.8% to 123.91, set for the highest close since September 19. Japan's Nikkei 225 Stock Average climbed 2% and Australia's S&P/ASX 200 gained 0.9%. South Korea's Kospi Index rose 0.1% and Hong Kong's Hang Seng Index advanced 0.6%.

Thu, 18 Oct 2012 06:17:26 GMT

Loonie rises on renewed demand for commodity currencies

Canada's currency advanced for the first time in 4 days versus the greenback as risk-on sentiment renewed demand for commodity currencies. The Loonie strengthened 0.9% to 97.80 cents per U.S counterpart, after falling 0.6% yesterday. One Canada's Dollar buys $1.0225. Investor risk appetite renewed as Spain retained its credit rating from Moody's Investors Service. 

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