Forex News (from InstaForex) - page 72

 

Aud/usd traded to 0.8798 from 0.8787 After Release of Rba Minutes



Minutes held no surprises so impact unlikely to last

Market will look ahead to key China data at 02:00 GMT for directional clues

Support for AUD/USD at 0.8735/45 with resistance between 0.8810/60

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Australia Leading Index Slips In August - Conference Board


A leading economic index for Australia was down 0.2 percent on month in August, the Conference Board said on Wednesday, following the 0.5 percent gain in July. Among the individual components of the survey, yield spread, sales to inventories ratio and money supply were higher, while share prices were unchanged and rural goods exports, gross operating surplus and building approvals were down. The coincident index added 0.2 percent on month after adding 0.1 percent in each of the two previous months. Among the individual components, employed persons, household gross disposable income, retail trade and industrial production all were higher.

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Australia Business Confidence Holds Steady In Q3 - NAB



Business confidence in Australia was roughly unchanged in the third quarter of 2014, the latest survey from National Australia Bank revealed on Thursday, with a score of +6 - unchanged from the previous three months. The index for business conditions moved up to +3 from +1 in the second quarter, while the outlook for business conditions also inched higher - from +24 to +25. "Both consumers and business remain cautious about spending, despite encouragement from very low interest rates, which is unsurprising given slower rates of income growth," NAB said.

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South Korea GDP Rises 0.9% In Q3



South Korea's gross domestic product expanded 0.9 percent on quarter in the third quarter of 2014, the Bank of Korea said in Friday's advance estimate. That follows the 0.5 percent increase in the second quarter and the 0.9 percent gain in Q1. On the expenditure side, private consumption expanded 1.1 percent as expenditures on both semi-durable goods and services increased. Construction investment gained 2.9 percent, with increases in both building construction and civil engineering. Facilities investment fell by 0.8 percent, due to a decrease in transport equipment investment. Intellectual property products investment added 0.6 percent, centering on software investment. Exports contracted 2.6 percent, with decreases in exports of LCDs and chemical products. Imports also eased 0.7 percent, owing to declines in imports of machinery, natural gas and transport services. On the production side, manufacturing shrank 0.9 percent, mainly due to a decrease in electrical and electronic devices such as LCDs and smartphones. Electricity, gas and water supply climbed 4.7 percent, as the proportion of electricity generated by nuclear power with its low unit-generation costs increased. Construction advanced 1.8 percent, led by its expansion of civil engineering. Services gained 1.4 percent, as wholesale and retail trade, restaurants and hotels, transportation and storage, finance and insurance, and health and social work all increased. On a yearly basis, GDP jumped 3.2 percent, slowing from 3.5 percent in Q2 and 3.9 percent in the first quarter. Real gross domestic income added 0.3 percent on quarter and 2.9 percent on year. Agriculture, forestry and fishing added 0.6 percent on year, while manufacturing gained 3.1 percent, utilities spiked 5.5 percent, construction collected 0.9 percent and services advanced 3.4 percent.

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Japan September Corporate Service Prices Rise 3.5%



Corporate service prices in Japan were up 3.5 percent on year in September, the Bank of Japan said on Monday - in line with expectations and unchanged from the previous month. On a monthly basis, prices added 0.1 percent after dipping 0.2 percent in August. Among the individual components, prices were up for transportation and postal activities, and down for advertising services. For the third quarter, prices were up 3.5 percent on year and were unchanged on quarter.

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China Yuan Strengthens to 6.1421 Against Usd



CNY strengthened by 25 basis points to 6.1421 against the U.S. dollar in its central parity on Tuesday, according to the China Foreign Exchange Trading System. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

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South Korea Has $7.62 Billion Current Account Surplus



South Korea had an unadjusted current account surplus of $7.62 billion in September, the Bank of Korea said on Wednesday. That follows the downwardly revised $7.20 billion surplus in August (originally $7.60 billion). The goods account surplus widened to $7.73 billion, from $7.37 billion in the previous month. The adjusted current account surplus was $5.20 billion in September.

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South Korea Industrial Production Adds 0.1% In September

Industrial production in South Korea was up a seasonally adjusted 0.1

percent on month in September, Statistics Korea said on Thursday. That

follows the downwardly revised 3.9 percent decline in August

(originally -3.8 percent). On a yearly basis, industrial production

climbed 1.9 percent following the 2.8 percent contraction in the

previous month. The index for all industry production fell 0.9 percent

on month but gained 1.8 percent on year.

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Japan Unemployment Rate Rises To 3.6%



The unemployment rate in Japan came in at 3.6 percent in September, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and up from 3.5 percent in August. The job-to-applicant ratio was 1.09, missing forecasts for 1.10 - which would have been unchanged. The number of employed persons in September was 64.02 million, an increase of 430,000 or 0.7 percent on year. The number of unemployed persons in September was 2.33 million, a decrease of 250,000 or 9.7 percent on year. The participation rate was 59.9 percent.

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Krw Trades at 7-Month Low Vs Usd on Boj Move



USD/KRW was changing hands at 1,075.10 to the dollar as of 9:30 a.m. Monday, down 6.60 won from the previous session's close, marking the lowest since the 1,079.40 won on Mar. 25.

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