Loonie climbs advances on US PMI data

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Source: Bloomberg
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Canadian currency appreciated versus its US peer after production data in US surpassed even the most optimistic analyst forecasts. Canada's Dollar strengthened 0.2% against greenback to CAD 0.9854 in Toronto session yesterday. Last month currency appreciated to 7-month record high. Currently USD/CAD is trading at CAD 0.9860.
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Wed, 02 May 2012 08:50:48 GMT

Greenback climbs versus Yen before jobs report

The US Dollar advanced for a second straight day versus Japanese currency ahead of US employment change report due today which is predicted to show the nation added more jobs in April. Greenback soared 0.3% versus Yen to JPY 80.35. US Dollar gained 0.1% against European shared currency to USD 1.3219. Currently USD/JPY is trading at JPY 80.55 while EUR/USD

Wed, 02 May 2012 08:11:49 GMT

HSBC final PMI data still shows contraction in China manufacturing

HSBC's April manufacturing PMI climbed to 49.3 up from a initial figure of 49.1 compared to gauge of 48.3 in March. HSBC indicator contrasted with the official Chinese PMI figure which showed April gauge climbed to 53.3 signalling expansion. HSBC analysts predict economic expansion to slump in next three months and then rebound in second half of the year.

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