China's Yuan climbs to 19-year high amid stronger exports

Source: Bloomberg
The Chinese currency jumped to the highest level in 19 years on Wednesday after the People's Bank of China increased the daily fixing to a record high and as Chinese exports rose by more than economists expected on April. The Yuan gained 0.13% to 6.1460 per U.S. Dollar at 10:08 a.m. Shanghai time totaling the 2-day gain to 0.33%.

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Wed, 08 May 2013 09:22:04 GMT

Aussie drops to 2-month low before China's data

Australian currency dropped on Wednesday falling towards the lowest level in a two-month period before a report showed that exports and imports in China advanced by more than expected , the largest trading partner of Australia. The so-called Aussie slid 0.1% to $1.0177 at 10:02 a.m. Sydney time following yesterday's decline to the lowest since March 4 at $1.0155.

Wed, 08 May 2013 09:00:04 GMT

Loonie advances versus U.S. Dollar as RBA lowers interest rate

Canadian Dollar rose against the U.S. currency for the third straight day on Wednesday after the Reserve Bank of Australia lowered the benchmark interest rate by 25 basis points to a historical low at 2.75% spurring a demand for higher-yielded assets. The so-called Loonie advanced 0.3% to C$1.0042 per U.S. Dollar at 5 p.m. and one Canadian Dollar buys 99.58

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