Aussie climbs on China manufacturing data

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Source: Bloomberg
© Dukascopy Bank
Australian Dollar extended gains on Wednesday as investors positively anticipated news the manufacturing in China expanded in December. In contrast New Zealand Dollar depreciated amid weaker stock markets and disappointing US data. Aussie strengthened to USD 1.0607, while Kiwi dropped 0.2% to USD 0.8234. Currently AUD/USD is trading at 1.0575 and NZD/USD is trading at  USD 0.8216.
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Wed, 01 Feb 2012 08:23:16 GMT

Euro Zone's jobless rate attained 10.4% last month

Euro Zone's unemployment approached a new record in December, reported the Eurostat. The unemployment rate in the region jumped to 10.4% in December, after hitting 10.3% in November. About 16.5 million individuals were unemployed while the highest jobless rate of 22.9% was in Spain and the lowest rate of 4.1% was in Austria.

Wed, 01 Feb 2012 11:19:09 GMT

US consumer confidence unexpectedly drops in January

An index measuring US consumer confidence unexpectedly fell in January as outlook for existing business environment and employment worsened. The confidence gauge dropped from 64.8 in December to 61.1 in January. Analysts suggest the recent decline in sentiment can be associated with a surge in gasoline price. Economists earlier predicted the confidence measure would climb to 68.2.

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