The kiwi trades up amid growing New Zealand's economy

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/AFP
New Zealand's Dollar halted declines as strategists improved forecasts. The kiwi advanced 3.9% throughout the year 2012, showing the biggest increases among ten most developed-market currencies. Investors are trading the currency on accelerated pace of economic growth prompted by housing rebounds and soaring demand for dairy products. The currency gained 0.2% to 81.17 U.S. cents, rebounding from its lowest level of 74.57 U.S. cents in May.
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Thu, 15 Nov 2012 10:17:43 GMT

French GDP advances unexpectedly in Q3

The French GDP grew 0.2% quarter-on-quarter after a -0.1% decline in the previous quarter according to data provided by Statistical Office Insee, reversing the analysts' estimates as they forecast a stagnation in French economy during the period. Domestic demand and foreign trade were the main facilitators that boosted growth. Exports advanced 0.5% while imports lost 0.6%. Meanwhile, total domestic demand contributed 0.2 points to GDP growth.

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