The Aussie gained on Chinese trade data

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Source: Bloomberg
The Aussie advanced against most of its 16 major counterparts this week,thus extending its five-day winning streak. The Australian currency reported gains after Chinese import advanced 7.6% and export surged 5.6% resulting in $31.1 billion trade surplus. The Australian Dollar is the second most overvalued currency after the New Zealand Dollar.
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Fri, 08 Nov 2013 09:10:09 GMT

The Euro tumble after S&P downgrade France

The shared currency deprecated versus the U.S. Dollar after the Standard & Poor's downgraded France's long-term foreign and local-currency grade from AA+ to AA. The analysts predicted that the Euro is faced for 2.9% drop in next two weeks, while other forecasts that the Eurozone's currency might even loose it's 5% gains against the greenback by mid-2014. 

Fri, 08 Nov 2013 08:48:04 GMT

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French industrial production dropped 0.5% in September, against analyst's expectations of 0.4% expansion, the data from National Institute of Statistics and Economic Studies showed on Friday. The Manufacturing output slipped 0.7% from prior 0.3% increase a month earlier, again missing forecast of 0.4% increase. On the annual basis the manufacturing performance in France dropped 1.3%, while industrial production sank 0.5%

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