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Posts Tagged ‘Economy’
New Zealand Dollar Rebounds on Retail Sales
Real Rebounds on Brazilian Stock Market
Yen Tumbles as Australia Fuels Risk Rally

The Japanese currency declined in the beginning of this Thursday’s session on Australia’s better than expected employment data, which increased attractiveness for riskier assets as the South Pacific economy recovery improves confidence among traders.
The yen, known as the best refuge currency for times of uncertainty, declined today as unemployment surprisingly fell in Australia, bringing Japanese investors to buy riskier assets overseas, as the Australian economic recovery indicates better economic conditions not only in the South Pacific region but also among its main trading partners.
AUD/JPY traded at 85.01 as of 02:35 GMT from a previous rate of 83.89 in the intraday chart.
If you want to comment on the Japanese yen’s recent action or have any questions regarding this currency, please, feel free to reply below.
Canadian Dollar Rebounds After Bearish Days
Aussie Dollar Falls on New Home Loans

The Australian dollar fell sharply versus
Basically everything worked against the Australian dollar today as a report in the country showed that new home loans decreased the most in more than a year, in a day were equities dropped and demand for commodities declined, after China imposed new lending requirements for banks.
AUD/USD declined to 0.9200 as of 19:38 GMT from a previous rate of 0.9310. AUD/JPY dropped to 83.64 from 85.64.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
Chilean Peso Drops After Copper Rally

The Chilean peso outperformed most of the main traded currencies as a copper price rally boosted appeal for assets in Chile, which declined this Friday after the metallic commodities failed to extend their gains.
The Chilean currency had a very positive performance apart from this Friday’s slide, as the economy showed signs of improvement according to the nation’s central bank, and the copper, responsible for one quarter of Chilean exports, had an increase on its rates and demand grows globally. In the last day of this week’s session, the copper retreated bringing the peso down as well.
USD/CLP closed this week at 493.95 after trading as low as 490.95 this Friday.
If you want to comment on the Chilean peso’s recent action or have any questions regarding this currency, please, feel free to reply below.
U.S. GDP grew by 3.5% in third quarter
GDP growth in the third quarter was the first in the current year and the most significant in the past two years.
Click to continue reading “U.S. GDP grew by 3.5% in third quarter”
Euro clawed back recent losses as investors moved into the “riskier” currency
The dollar snapped four days of gains against the euro as the US economy returned to growth in the three months through September, officially exiting recession.
- The US government’s advance estimate showed gross domestic product grew at an annualised rate of 3.5% in the third quarter, the first rise since the second quarter of 2008, which beat expectations for a reading of 3.3%.
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