New Zealand's BNZ-BusinessNZ PMI shank to 54.5 in March

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Source: Forexfactory
New Zealand's PMI slid by 3.2 points to 54.5 on a seasonally adjusted basis in March, according to BNZ-BusinessNZ. Despite slight fall, the figure is still the second highest since May 2011. Four out of five major diffusion indices expanded last month, being supported by growth in production and new orders. Improving labour market also contributed to the expansion of the index but rapid fall in deliveries blocked the gains.


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Thu, 12 Apr 2012 12:01:08 GMT

Gold moved down in Asian session

Gold futures retreated in Asian session on Thursday as traders started to sell the yellow metal to cash from the market despite weaker US Dollar. COMEX gold for delivery in June traded at 1,633.75 US Dollars per troy ounce on the New York Mercantile Exchange, losing 0.04%. Meanwhile, silver for delivery in May traded at 31.580 US Dollars per troy

Thu, 12 Apr 2012 12:04:46 GMT

Loonie approaches 10-week record low

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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