Pound surges on U.K. prospects

Source: Bloomberg

The Pound surged 0.9% against the Japanese Yen, thus reaching the strongest level in four-years, after the growth of Asian nation's slowed and speculations appeared that U.K. economy will surpass its major peers. The Sterling also paired gains of 0.3% against the shared currency, after yesterday Pound jumped 0.6% on bets that U.K. might rise interest rates as the economy improves.

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Fri, 15 Nov 2013 09:14:08 GMT

South African trade deficit declines after revising exports and imports data

Trade deficit of South Africa was decreased, comparing with initial evaluation, as the country revised some trade data with neighboring countries. The negative balance stood at $6.3 billion in January-September of 2013, down from $12.38 billion that was initially estimated. The renewed number includes a surplus of $6.08 billion in trade with such countries as Namibia, Swaziland and Botswana.

Fri, 15 Nov 2013 09:49:03 GMT

Canadian Dollar drops on bets that Fed will remain stimulus

The Canadian Dollar dropped 0.1% against the U.S. Dollar, thus reaching the lowest level in more than two months, after the chairman nominee of Federal Reserve, Janet Yellen, announced that the stimulus will remain unchanged until the U.S. economy improves. So far this year the so-called loonie has depreciated 2% versus nine major peers.

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