Aussie hits highest versus U.S. Dollar

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Source: Bloomberg
On Friday, the Australian Dollar touched a more than 1-month high versus the U.S. counterpart, amid speculation that an upcoming report will show a decrease in U.S. unemployment, which underpinned demand for risky assets. Aussie touched $1.0420, the highest since September 28, and subsequently consolidated at $1.0396 by 4:25 p.m. Sydney time.
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Fri, 02 Nov 2012 10:18:26 GMT

U.K. construction PMI grew unexpectedly last month

Markit, a market research group, reported on Friday that British construction sector grew unexpectedly last month, but U.K. firms continued to be cautious about the future. The Markit/CIPS Construction Purchasing Managers' Index climbed to 50.9, the highest since July, compared to a reading of 49.5 in the preceding month. Analysts, however, expected that the index would be equal to 49.1

Fri, 02 Nov 2012 21:16:08 GMT

Commodities drop amid forthcoming U.S. unemployment data

Commodities tumbled amid expectations on the upcoming U.S. unemployment data. The Standard & Poor's GSCI reading tracking 24 commodities plunged 0.4%, keeping its falling trend for the third consecutive week. Copper eased 0.5% to $7,789.75 per metric ton on the London Metal Exchange, while the on the spot platinum slid 0.7% to 1,559.50 an ounce.

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