Aussie depreciates on job data

Source: Bloomberg
The Australian Dollar dropped by 0.3% to 1.0515 per U.S. Dollar in the second part of Sydney trading session on Thursday. The Aussie slipped against the major counterparts, as the unemployment data indicated an increase to a three-year peak. Labor numbers induce speculation that Reserve Bank will cut borrowing costs to sustain growth.
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Thu, 11 Apr 2013 11:25:34 GMT

Won surges on capital inflows to South Korea

The South Korean Won advanced by 0.5% to 1,130.76 per U.S. Dollar in the morning trading session in Seoul on Thursday. That was the biggest gain in previous two weeks, as worldwide investment funds spur holdings in South Korean equity markets on easing tension with North Korea. Also, the benchmark for seven-day repurchase rate was left unchanged at 2.75%, while the majority

Thu, 11 Apr 2013 11:03:34 GMT

Sugar advances as USDA cuts U.S. crop estimate

Rural commodities apart from wheat moved higher on Wednesday amid mixed USDA data. The Waste showed smaller figures for domestic corn inventories but indicated bigger-than-expected global stockpiles. Wheat was the only loser after the USDA report revealed bigger-than-expected estimate for global supplies. World's inventories before this year's Northern Hemisphere harvest are likely to attain 182.26 million metric tonnes compared to

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