Kiwi and Aussie strengthens

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
N.Z. dollar advanced against US dollar two days in a row after government reported 5-year record increase in retail sales. Aussie and kiwi strengthened against greenback as Asian stocks rallied on investors' optimism about Greece's and Italy's new leadership. In Sydney evening trading session New Zealand dollar gained 0.2% to USD reaching $0.7869, while Aussie added 0.2 % to $1.0292.

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Mon, 14 Nov 2011 09:01:43 GMT

Asia Pacific region may open trade borders for US

In view of the global economic problems participants of the APEC summit agreed that further liberalization of trade is of critical importance for sustainable growth in future. At summit US president discussed US enlargement plans in Asia-Pacific region and his free-trade agreement, called Trans Pacific Partnership. Other North American countries as Canada and Mexico also are interested in joining Asian-Pacific free-trade zone.

Mon, 14 Nov 2011 10:12:53 GMT

US job loses claims are falling

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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