Canada's trade surplus increased less than projected

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Source: Forexpros
Canadian trade balance advanced less than initial forecast in February, according to Statistics Canada. The country's trade surplus expanded by 0.3 billion Canadian Dollars on a seasonally adjusted basis in February as compared to 2 billion Canadian Dollars in January. Experts predicted Canada's trade balance to soar by 2.0 billion Canadian Dollars. Major contributors to the fall in trade surplus were weak exports of autos and energy.



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Fri, 13 Apr 2012 07:16:10 GMT

Singapore economy rebounds despite global economic concerns

Singapore's economy recovered in Q1 of 2012, forcing the country's central bank to tighten monetary measures to curb inflation. The GDP growth of the country accelerated by 9.9% in Q1 on a yearly basis, reported the Trade Ministry. Experts expected a moderate increase of 6.8% in Q1.  After the data release, the Singapore's Dollar appreciated against its US counterpart by

Fri, 13 Apr 2012 12:11:04 GMT

Aussie weakens on China GDP data

Australian Dollar declined after China reported its GDP slowed more than expected in the first quarter. Aussie dropped 0.4% vesrus greenback to USD 1.0392. In contrast Kiwi gained 0.3% against its US peer to USD 0.8300. Currently AUD/USD is trading at  USD 1.0388 and NZD/USD is trading at 0.8292.

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