Japan trade deficit increases

Source: Bloomberg
Unexpectedly Japan's exports in June went down, further expanding the nation's current trade deficit after the increase in sales-tax in April. Exports dropped 2% from the previous year, opposed to the forecast of an increase of 1%. Outward shipments also fell by 1.7% in volume, displaying the Yen's 16% decrease versus the Dollar since Japan's Prime Minister failed to boost exports.
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Thu, 24 Jul 2014 08:08:21 GMT

New Zealand Dollar falls most in 9 months on RBNZ

New Zealand's currency reached the weakest level in nine months as the RBNZ issued a warning of the potential "sizeable decrease" in the Kiwi. The New Zealand's Dollar depreciated by at least 0.9% against all 16 major counterparts. The currency dropped 1.3% to 85.85 U.S. cents and slipped to NZ$1.1013 per Australian Dollar. 

Thu, 24 Jul 2014 07:57:21 GMT

Chinese PMI reaches a 18-month high

As China's manufacturing indicator was at its highest in one and a half years the outlook for reaching the 7.5% growth target looks positive. The PMI came out at 52.0 suggesting expansion and exceeding the 51.0 estimate. Furthermore, the Yuan also gained with these news suggesting that the Chinese stimulus plan is having an impact on growth.

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