Dollar trims down a portion of its recent gains

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Source: Marketwatch

The US dollar retreated on Thursday and lessened some of its latest gains against the euro, indicating investor positive reception of US employment and manufacturing data amid reserved recovery in Asian markets and Wall Street. US dollar index dropped from 80.292 in North America trade to 80.16 in Asian trading session. Among its main counterparts, euro appreciated from $1.3022 to $1.3036.

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Fri, 16 Dec 2011 07:19:42 GMT

Aussie and Kiwi recover for the second day in a row

The New Zealand and Australian dollars appreciated for the second consecutive day after Asian shares surged, boosting demand for riskier assets. Australian dollar added 0.6% to $0.9985 in Sydney, while its New Zealand's peer climbed 1% reaching $0.7609. Both currencies appreciated against Japanese yen. AUD/USD currently is trading at $0.9980 and NZD/USD is trading at $0.7593.

Fri, 16 Dec 2011 07:18:28 GMT

China to reduce exports growth target

China expected to set its target export growth at 10% for 2012, said Century Business Herald. China exports grew 13.8%, at slower pace than in October. Reduced export growth goalfor 2012 comes amid weak economic outlook as debt crisis in Europe deepens and US growth prospects remain fragile. According to report, China is going to focus on enlarging domestic demand.

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