Aussie weaken after trade surplus narrowed

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Source: Bloomberg
The Australian dollar depreciated against US dollar after report confirmed that the country's trade surplus contracted more than expected indicating that woes in Europe is harming global growth. Aussie lost 0.4% to $1.0174 on Monday trade after experiencing 0.5% gain on Friday. New Zealand dollar gave up 0.3% to $0.7729. AUD/USD currently is trading at $1.0101, while NZD/USD is trading at $0.7665.

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Mon, 12 Dec 2011 11:00:34 GMT

Unemployment in US diminishes, hiring flat

US unemployment rate dropped less than firing rate indicating that companies still lack confidence to employ new workers. In November jobless rate has dropped to 8.6% from 10.1% in October. In contrast applications for jobless allowances have declined 40%. Julia Coronado, BNP Paribas North America chief economist suggests that absence of demand in economy drives a wedge between unemployment rate and jobless claims. 

Mon, 12 Dec 2011 11:03:13 GMT

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