The U.S. Dollar gained to the strongest level in approximately two months versus the Japanese Yen ahead of a private report on U.S. jobs growth that will be released today. The greenback added 0.1% 103.76 Yen at 6:50 a.m. London time, after approaching 103.94, the strongest level since January 23. The U.S. currency advanced 0.5% to 85.96 cents per Kiwi,
The American manufacturing sector continued to expand, as production and orders grew, reaching a tenth consecutive gain, while still missing the economists' expectations of 54. The Institute for Supply Management's index advanced to 53.7 in March, thus increasing by 0.5 points from the previous month.
U.S. stocks surged after Tempe, Arizona-based group, reported an increase in the manufacturing data, thus letting Standard & Poor's 500 Index reach the longest winning streak since 2007. The S&P 500 index and the Dow Jones Industrial Average advanced 0.4%. The S&P 500 added 1.3% in the first quarter, thus staging a fifth consecutive gain.
The Japanese shares were mixed as the Topix index advanced, while the Nikkei 225 Stock Average slipped 0.2%. The Topix Index climbed 0.1%, thus extending its winning streak to a seventh day, while still being in red as a result of the 7.6% decline last quarter.
The Pound halted its six-day winning streak against the greenback after U.K. reported slower-than-expected growth in manufacturing. The Cable dropped 0.1% from its two-week high, after it advanced 1.1% during the last five days. The Sterling also experienced a slide of 0.3% versus the shared currency.
The Chinese currency slipped 2.4% against the U.S. currency last quarter, thus posting the biggest drop among the Asian currencies. The Renminbi has been gaining ground for almost a decade, but with the drop last quarter it has nearly erased last year's gain of 2.9% and the speculators lost $5.5 billion.
Gold traded near the lowest point in seven weeks in London, since investors scrutinise Fed's outlook on the monetary policy. Gold for immediate delivery gained 0.3% to $1,287.42 an ounce as of 9:40 a.m. London time, and reached $1,278.20 today, the weakest level since February 11. The yellow metal for delivery in June climbed 0.3% to $1,287.60 in New York
The Italian labour market recorded the highest unemployment rate all-time as the rate advanced further in the month of February, a report published by the statistical office Istat revealed on Tuesday. The report also showed that the country's jobless rate increased from a level of 12.9% in January to 13% in the following month.
The Australian national bank left the key interest rates at the lowest level all-time as the economy struggles to find its way to stable economic growth, a report released by the bank showed on Tuesday. According to the report, the Reserve Bank of Australia maintained the benchmark cash rate stable at 2.50% matching economists' forecast.
Unemployment rate in the 18-nation bloc stayed flat in the month of February, however the total number of people without a job fell by 35,000, a report released by the statistical office Eurostat unveiled on Tuesday. According to the report, the Eurozone's jobless rate remained at a level of 11.9% in February as the January's figure was downwardly revised to
The Indian central bank decided to maintain the benchmark interest rates unchanged and signalled that it may keep the rates at current level in the near future, a report released by the bank showed on Tuesday. The Reserve Bank of India kept the key interest rate at a level of 8.00% after the rate was raised by 25 basis points
Manufacturing sector in France advanced in March rising towards the strongest level in thirty three months and beating initial economists' projections, a report released by the Markit Economics unveiled on Tuesday. According to the report, the French manufacturing purchasing managers' index added from a level of 49.7 in February to 52.1 in March.
Manufacturing sector in the Europe's largest economy eased in the month of March rising at a slower rate than economists originally forecast, a report published by the Markit Economics showed on Tuesday. According to the report, the Germany's purchasing managers' index slipped from 54.8 points in February to 53.7 points in March.
Manufacturing sector in the 18-nation bloc increased in March extending its series of gains to nine months, a report released by the Markit Economics showed on Tuesday. According to the report, the Eurozone's manufacturing PMI slipped from February's 53.2 points to a level of 53.0 in March, staying in a positive area above 50.
The New Zealand's currency increased on Tuesday trading session rising towards the strongest level in six years after the so-called Kiwi recorded an increase of 3.6% in the first three months of this year as the country's central bank raised interest rates. The New Zealand's Dollar was last seen at 89.90 yen on Japan's sales tax hikes.
The Japanese currency weakened on Tuesday trading session as the country implemented sales tax hikes, while the U.S. currency slipped as the U.S. Federal Reserve claimed that the current monetary policy is in line with the bank's plan. The Yen traded at 103.35 per U.S. Dollar after closing at the weakest level in a three-week period at 103.44.
Government across Europe increased on Tuesday trading session with the benchmark 10-year yields falling towards the lowest level since 2005 amid speculation that the European Central Bank may ease its monetary policy on this week's policy meeting. Italy's 10-year notes yielded at 3.29%, down by 1 basis point, while the Spain's 10-year bonds were last seen at 3.23%.
Global equities advanced on Tuesday trading session begun this quarter with an increase as emerging markets' shares kept growing before this week's policy meeting of the U.S. Federal Reserve and before reports from the U.S. labour market. The MSCI broadest world-stock gauge was last traded at the highest level in three months, while the Asian MSCI gauge rose to 4-month
West Texas Intermediate dropped for a second day on concerns relating to China's economy cooling and forecasts that supplies of U.S. crude advanced for an eleventh week. Futures decreased 0.6% in NY after the 1% loss in March, the biggest in four month. The data showed the slowdown of China's manufacturing indexes, due to WTI for delivery in March dropped
The 18-nation currency appreciated for a third straight day versus the greenback after Germany's unemployment rate dropped more than forecasted. The Euro added 0.2% to $1.3792 as of 10:38 a.m. London time, after climbing 0.2% during the last two days. Eurozone's currency rose 0.3% to 142. 48 Yen after advancing to 142.64 Yen, the strongest level since the middle of
Gold was near the lowest level in seven weeks as investors speculated on Fed's outlook for its monetary policy. The yellow metal for immediate delivery slipped 0.5% to $1,278.20 an ounce, the lowest level since February 11, and was at $1,285.74 as of 3:08 p.m. Singapore time. Bullion for June delivery fell 0.5% to $1,277.40 an ounce in New York.
A declining Canada's Dollar is a positive event for majority of nation's companies, increasing the profits made in U.S. Dollar compared to costs in the local currency. The Loonie will weaken to C$1.14 against its U.S. counterpart, the lowest level in more than four years, by the end of this year, according to Bloomberg. Canada's Dollar appreciated 0.3% to C$1.1024
The U.S. Dollar geld drop against majority of most traded counterparts as investors speculated whether this week's U.S. economic data will be at least in line with expectations. The greenback touched $1.3776 per Euro at 6:57 a.m. London time, after sliding 0.2% in the past couple of days to $1.3769. It was little changed at 103.26 Yen, while the Euro
The Australian Dollar climbed above 93 U.S. cents level for the first time in last four months as nation's central bank interest rates were untouched. The Aussie gained to 93.04, making it the highest level since November 21, while Australia's Dollar appreciated 0.1% to 95.68 Japanese Yen, after reaching 96.06, the strongest since June 5.