Aussie set for weekly advance as global stocks rally

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Source: Bloomberg
© Scanpix/Reuters
Australia's Dollar was set for an advance this week as global stocks rallied, boosting demand for high-yield assets. The Aussie Dollar bought $1.0396 from $1.0390 yesterday. Data this week showed manufacturing in China, Australia's largest trading partner, is improving, buoying demand for the Australian Dollar.
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Fri, 23 Nov 2012 09:09:06 GMT

Asian stocks rise, while Japanese markets are closed today

Asian stocks rallied, led by advance in rare-earth companies, and Taiwan shares rose as the nation's finance minister' s statement concerning government-controlled funds that should buy equities at lows. The MSCI Asia Pacific Excluding Japan Index gained 0.5% to 442.08, heading for its weekly increase in 3 weeks. South Korea's Kospi Index climbed 0.4% and Hong Kong's Hang Seng added

Fri, 23 Nov 2012 08:27:03 GMT

Yen rises versus peers on Eurozone's manufacturing data

The Japanese Yen strengthened against all of 16 major counterparts as contraction in the Eurozone's manufacturing activity and services clouded global growth outlook. Japan's currency advanced 0.3% to 82.24 per greenback after earlier touching 82.84, the weakest level since April 4. The Yen gained 0.3% to 105.96 per Euro. Japanese markets are closed today for a holiday. 

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