Rupiah falls to 4-year low amid record current account gap

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Source: Bloomberg
The Indonesian Rupiah fell to the lowest level since April 2009, wakening beyond 11,000 per U.S. Dollar amid record current account gap. Indonesia's trade shortfall reached $2.3 billion in July, against economists' expectations for $393 million, as imports advanced 6.5% on year, whereas exports fell for a 16th straight month. The nation's currency lost 0.5% to 11,035 per greenback at 11:31 a.m. in Jakarta.   
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Tue, 03 Sep 2013 07:12:10 GMT

Australia current account gap widens

The seasonally-adjusted data published today by the Australian Bureau of Statistics on the current account of the world's fourteenth largest economy suggest the deficit went up to $9,350m from $8,740m, or by 7% within the second quarter of this year. This means the difference between the imported and exported goods rose and the demand for the Australian Dollar supposedly fell.

Tue, 03 Sep 2013 07:03:04 GMT

China's services PMI at 53.9

According to China Federation of Logistics and Purchasing, China's tertiary sector expanded in August, being that the non-manufacturing purchasing managers' index was above a mark of 50, namely at 53.9. The figure, however, came in lower than the one posted previous month, when the rate of growth was a notch higher, at 54.1.

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