The Aussie and Kiwi strengthened for a third day versus the U.S. Dollar amid bets that world's major central banks stimulus would ensure capital inflow into the South Pacific nations' higher-yielding assets. The Australian Dollar gained 0.3% to $1.0321, while slid 0.3% to 101.89 against the Yen. Meanwhile, Kiwi rose 0.4% to 85.30 U.S. cents and fell 0.2% to 84.21
The Pound Sterling was poised for its biggest one week gain since June versus the greenback after a report indicating the U.K. economy managed to prevent a triple-dip recession diminished speculation that the Bank of England would increase stimulus. The Pound remained almost unchanged at $1.5437, while it depreciated 0.2% to 84.45 pence per Euro, cutting first weekly gain against
The Japanese currency gained for a second day versus the greenback and strengthened at least 0.3% against all 16 major counterparts as the Bank of Japan retained a pledge to boost monetary base without summarizing any additional measures so to reach its inflation target. The Yen climbed 0.6% to 98.69 per U.S. Dollar and 0.5% to 128.46 per Euro, while
Gold price for immediate delivery was higher by 0.4% to $1,436.78 per ounce in the morning of Singapore trading session on Thursday. The price reversed from a 0.3% drop and set a seventh positive performance out of eight, as central banks took opportunity to increase gold reserves, as some physical buyers already did, after the sharpest decrease in gold in 33 years.
Wheat futures for July settlement were lower by 0.3% to $6.9075 per one bushel on the Chicago Board of Trade in Singapore trading hours on Thursday. The commodity depreciates for a fourth day and is on a losing strike since 5th of February. Investors expect lower price of wheat amid Canada's plans to increase planting and boost harvest of the second-biggest exporter in
West Texas Intermediate oil futures for June settlement were higher by 26 cents to $91.69 a barrel on the New York Mercantile Exchange in the first part of Tokyo trading hours on Thursday. The price is close to the highest point in two weeks, as the U.S. gasoline stockpiles decreased by 3.93 million barrels last week, the most in a
The Japanese Yen was lower by 0.2% to 129.50 per Euro and little changed at 99.51 against U.S. Dollar in the end of New York trading session on Wednesday. Investors say that a gradual depreciation of the Yen pushes investors to seek overseas investments with higher yield. The Yen lost 6.5% since the beginning of April, thus capital outflow might be expected.
The Thailand's Bath increased by 0.1% to 28.90 per U.S. Dollar in the morning of Bangkok trading session on Thursday. The currency erased a three-day loss, as international investors enlarged their holdings of the domestic debt amid optimism the Thailand's economy is improving. Global funds purchased $2.2 billion additional debt than they sold in April through yesterday increasing this year's
The South Korean Won advanced by 0.2% to 1,115.89 per U.S. Dollar in the morning of Seoul trading session on Thursday. The currency touched 1,114.29, what is the highest level since 17th of April. Investors traded the Won positively, as the gross domestic product increased by 0.9% in the first quarter comparing with preceding three months beating a 0.7% market's
The Mexican Peso depreciated by 0.3% to 12.2790 per U.S. Dollar in the morning of Mexico City trading session on Wednesday. The currency is still higher by 4.7% this year indicating the best performance among the 16 major greenback's counterparts. The Peso weakened as the U.S. durable-goods orders slipped below expectations or the most in previous seven months. Economic data
The British Pound was higher by 0.4% to $1.5329 and 0.2% to 85.06 against Euro by the midday trading session in Tokyo on Thursday. The Sterling gained, as analysts said that the domestic economy will expand by 0.1% in the first quarter, following a -0.3% decrease in the preceding period. Such estimation eases expectations of additional monetary easing measures.
The Canadian Dollar was slightly changed at 1.0256 per U.S. Dollar in the end of Toronto trading session on Wednesday. The currency slipped against the major counterparts, as the U.S. durable-goods orders dropped more than forecast. Investors speculate that slowdown in the U.S., the biggest Canada's trading partner, will undermine Canadian exports.
Corn futures for July settlement were lower by 0.2% to $6.125 per one bushel on the Chicago Board of Trade in Singapore trading session on Wednesday. The price slipped to the lowest level since 26th of June or a ten-month low, as investors speculated that some parts of the U.S. might be dry and warm making weather conditions suitable to accelerate planting.
The West Texas Intermediate oil futures for June settlement were higher by 52 cents to $89.70 a barrel on the New York Mercantile Exchange in Singapore trading session on Wednesday. Oil reached the highest price in more than one week, as the U.S. stockpiles were lower than expected decreasing by 845,000 barrels last week.
The Chinese Yuan was traded at 6.1794 per U.S. Dollar in the morning of Shanghai trading hours on Wednesday. The currency was traded close to permitted ranged band, as improving U.S. housing market boosted demand for riskier assets and on speculation that China will expand trading bands this year and push the Yuan substantially higher.
The Canadian Dollar was slightly changed at 1.0257 per U.S. Dollar in the end of Toronto trading session on Tuesday. The currency slipped by 0.3% in a previous session reaching a six-week low, as data from China and Europe indicated a slowdown of the global economic growth, putting even more pressure on Canada's exports.
The South Korean Won was slightly changed at 1,120.52 per U.S. Dollar in the morning of Seoul trading session on Wednesday. The currency took a breath before South Korean gross domestic product data, which according to analysts, should indicate a 0.7% growth, the fastest pace of expansion in a year.
The Euro, 17-nation common currency, was traded at 1.2998 per U.S. Dollar in the second part of Tokyo trading session on Wednesday. The price slipped to a 1.2973 level yesterday, which is the lowest point since 8th of April. Investors worry about German business confidence data, as Bloomberg News survey indicates a drop to 106.2 points in April from a
Stocks in Switzerland rose to highest in four days after Financiere Richemont SA announced profit that beat all previous expectations and Novartis AG claimed its new lung-disease drug reached its study's objective. The Swiss Market Index added 0.7% to 7,661.11, while the broader Swiss Performance Index also showed improvements in performance of 0.6%.
German stocks gained for a second day after declining yields on Italian and Spanish bonds offset data indicating that Europe's largest economy's manufacturing and service industries suddenly shrank in April. The benchmark DAX Index advanced 0.5% to 7,516.31 as well as the broader HDAX Index added 0.5% today. Meanwhile Italian 10-year government bonds climbed, driving the yield on the securities
U.S. stock futures remained almost unchanged as a report depicted China's manufacturing expended less than previously expected, thus leading to concerns that the world's second-biggest economy might tumble. Contracts on the Standard & Poor's 500 Index with time to maturity in June slid 0.1% to 1,554.4, while futures on the Dow Jones Industrial Average also declined 0.1%, down 10 points,
Asian stocks dropped, with the regional benchmark index posing for its first fall in three days, as a report depicted Chinese manufacturing increased at smaller pace than previously expected. The MSCI Asia Pacific Index surged 0.2 %, China's Shanghai Composite Index fell 2.6%, Hong Kong's Hang Seng Index lost 1.1% while Japan's Nikkei 225 Stock Average slid 0.3% due to
Brent oil dropped to a four day low after the fall in euro-area's manufacturing output and services added to concern that demand for crude would continue to decline in the region. Brent for June delivery plummeted $1.61 to $98.78 a barrel and the volume of all futures traded was 24% above the 100-day average. Prices slid 11% this year. Meanwhile
The Pound Sterling weakened toward the lowest point in two weeks versus the greenback as the U.K. manufacturing orders index shrank for the 20th month. It dropped even despite the narrowing of Britain's budget deficit and depreciated 0.5% to $1.5217, the weakest since April 5. The currency remained almost unchanged versus the 17-nation currency, staying at 85.32 pence per euro.