Loonie approaches 10-week record low

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Source: Bloomberg
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The Canadian Dollar hit the lowest figure since January ahead of Bank of Canada monetary policy report. Despite stability in stock and commodity markets the Loonie traded at CAD 1.0038 after strengthening to CAD 1.0009, the lowest since January 31. Currently USD/CAD is trading at CAD 1.0011. 
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Thu, 12 Apr 2012 09:52:56 GMT

South Korean unemployment rate decreased to 3.4% in March

The rate of unemployment in South Korea tumbled in March, after attaining 11-month high in February. The March reading indicated that the jobless rate fell to 3.4% as compared to 3.7% in February, reported Statistics Korea. The number of people who have a job increased by 419,000 as compared to March 2011.

Thu, 12 Apr 2012 11:46:30 GMT

Aussie and Kiwi rally as stock markets rebound

New Zealand and Australian currencies strengthened on Thursday as US shares recovered and data showed Australian employers added nearly 7 times more new jobs than predicted in March. Aussie rose 0.5% versus its US peer to USD 1.0301 while Kiwi jumped 0.4% to USD 0.8181. Currently AUD/USD is trading at 1.0390 and NZD/USD is trading at USD 0.8208. 

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