Initial jobless claims in the US rose more than expected

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Source: Forexpros
In the US, the number of initial jobless claims increased more than expected last week after hitting almost four-year low a week before, reported the US Labor Department. The number of people applying for jobless benefits added 21,000 to 377,000 as compared to prior week reading of 352,000. Experts predicted the number of jobless claims to increase by 14,000 to 370,000.

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Fri, 27 Jan 2012 09:01:48 GMT

Trade balance in New Zealand increased in December

The trade balance of New Zealand increased unexpectedly in December, reported Statistics New Zealand. The trade balance soared to NZD 338 million from November's reading of NZD 308 deficit. Experts projected a deficit of NZD 50 million. Exports hit the record of NZD 4.38 billion from NZD 3.91 billion in November, while imports declined from a record high NZD 4.22

Fri, 27 Jan 2012 08:04:22 GMT

New Zealand Dollar keeps a 6 week gain on trade surplus

New Zealand's Dollar maintained 6-week gains against most of its peers on Friday, after national statistics showed the country unexpectedly faced a trade surplus for the first time in 5 months. Kiwi traded $0.8217 in Sydney evening trade, adding 1.9% on weekly basis. Aussie slipped 0.1% to $1.0617. Currently NZD/USD is trading at $0.8222 while AUD/USD is trading at $1.0627.

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