Trade balance of New Zealand swung to surplus in February

Source: Forexpros
The trade balance of New Zealand increased more than initially projected in February, reported Statistics New Zealand. The trade balance soared to 161 million New Zealand Dollars last month as compared to a deficit of 199 million New Zealand Dollars in January. Experts predicted the trade surplus to approach 153 million New Zealand Dollars in February.


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Mon, 26 Mar 2012 07:32:41 GMT

Vietnam's economy is expected to expand by 4% in Q1

The economy of Vietnam is expected to grow by 4% in Q1, indicating slower expansion pace than in the two previous years, said government official. Looking at the past data, the GDP rose by 5.57% in Q1 of 2011, by 5.84% in Q1 of 2010 and by 3.14% in Q1 of 2009. Meanwhile, the CPI increased by 0.16% this month,

Mon, 26 Mar 2012 08:55:13 GMT

Loonie drops for a third week

Canadian Dollar weakened for a third consecutive week as the advance in higher yielding assets slowed, boosting demand for Swiss franc, Yen and US Dollar. Loonie fell 0.6% on weekly basis against its US peer reaching CAD 0.9978. Currently USD/CAD is trading at CAD 0.9978. 

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