Forex News (from InstaForex) - page 49
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Australian Dollar Ticks Up After China Trade Data
The Australian dollar inched higher against its major counterparts after a report showed that China's trade balance nearly doubled to reach $31.1 billion in September from $15.1 billion surplus in the previous month. Economists had expected a $24.8 billion surplus.
The Australian dollar was trading at 1.1362 against the New Zealand dollar and 1.4146 against the euro immediately following the report, up from previous lows of 1.1331 and 1.4216, respectively. The aussie also climbed to 93.11 against the yen and 0.9481 against the greenback from previous lows of 92.60 and 0.9431, respectively.
News are provided by InstaForex.
Swiss Franc At 4-day Lows Against Euro, Pound
The Swiss franc slipped against the euro and the British pound in Asian deals on Monday.
The franc fell to 4-day lows of 1.4776 against the pound and 1.2323 against the euro, compared to last week's closing quotes of 1.4752 and 1.2313, respectively. The next probable downside target for the franc is seen around 1.49 against the pound and 1.24 against the euro.
News are provided by InstaForex.
South Korea Export Prices -1.9% In October
South Korea's export price index was down 1.9 percent in October compared to the previous month, the Bank of Korea said on Tuesday. That follows the 2.4 percent contraction in September.
On a yearly basis, export prices dropped 4.6 percent after shedding 4.7 percent in the previous month.
Import prices dropped 2.4 percent on month and 7.3 percent on year after losing 2.3 percent on month and 8.1 percent on year in September.
News are provided by InstaForex.
Yen Weakens Ahead Of Japan Final Industrial Production
Japan's final industrial production data for September is due on Thursday's Asian session at 11:30 pm ET. Ahead of the data, the yen slipped against other major currencies.
The yen traded at 99.67 against the greenback, 159.78 against the pound, 108.91 against the franc and 134.23 against the euro around at 11:25 pm ET.
News are provided by InstaForex.
Kiwi up 0.5 Pct
The New Zealand dollar caught its breath at $0.8283 after a volatile week saw it as low as $0.8166 and as high as $0.8355. It was still on course for a 0.5 percent gain since Monday.
Support was seen at $0.8230 and then $0.8200 with resistance at $0.8300 before $0.8360.
News are provided by InstaForex.
Speculators Add Long Dollar Bets in Latest Week, Hit Two-Month High
Speculative bets favored the U.S. dollar in the latest week, posting their highest long position in two months, according to the latest data from the Commodity Futures Trading Commission released on Friday.
The value of the dollar's net longs totaled $14.46 billion in the week ended Nov. 12, up from a long position of $7.02 billion in the week ended Nov. 5. Speculators were long for a second straight week and the latest week showed the contract total at its largest since the week of Sept. 10.
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China House Prices Rise In October
House prices in all Chinese cities except Wenzhou increased in October as the government abstained from initiating new property curbs.
House prices rose in 69 out of 70 cities tracked by the government, data published by the National Bureau of Statistics showed Monday.
On a yearly basis, prices surged 20.2 percent in Shenzhen and 17.8 percent in Shanghai. And it gained 16.4 percent in Beijing.
Month-on-month, house prices increased in 65 cities in October. Prices remained unchanged in three cities and declined in two.
News are provided by InstaForex
NZ Dollar Declines To 4-day Low Versus Euro
The New Zealand dollar fell against the European currency in Asian deals on Tuesday.
The kiwi hit a 4-day low of 1.6252 against the euro, compared to Monday's closing value of 1.6199. The kiwi may seek support around the 1.635 level.
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Bernanke Making more Dovish Comments, Fiscal Plug Needed
Recommends less restrictive fiscal stance, focus on longer-term issues.
Reiterates Fed will remain easy for longer, till good economic evidence.
Efforts to up jobs being made, must reduce inequalities.
Fed bond buys have benefited Wall Street but no necessarily Main Street.
News are provided by InstaForex.
China HSBC Manufacturing Index Slides To 50.4
An index measuring manufacturing activity in China came in with a score of 50.4 in November, flash survey results from HSBC and Markit Economics revealed on Thursday.
That was well shy of forecasts for 50.8 and down from 50.9 in October.
A score above 50 means expansion in a sector, while a reading below 50 signals contraction.
The data also showed that the flash China Manufacturing Output Index came in 51.3 in November, up from 51.1 in October.
News are provided by InstaForex.