Forex News (from InstaForex) - page 50
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Pound At New 2-week High Against Franc
The British currency climbed against the Swiss franc in early Asian deals on Friday.
The pound spiked up to 1.4800 against the franc, its highest since November 7. At yesterday's close, the pair was worth 1.4786. The next upside target for the pound-franc pair lies around the 1.49 area.
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Canadian Dollar Hits Near 4-week Low Versus Euro
The Canadian dollar drifted lower against the European currency in early Asian trading on Monday.
The loonie touched 1.4303 against the euro, its lowest level since October 31. On the downside, the loonie may eye support around the 1.45 area. The pair was worth 1.4260 at Friday's close.
News are provided by InstaForex.
Philippine Imports Surge 7.2% In September
The Philippines imported goods worth $5.711 billion in September, an increase of 7.2 percent from a year earlier, data from the National Statistics Office showed Tuesday.
Total external trade in goods reached $10.756 billion during the month, representing a 6.1 percent increase from last year. Exports grew 4.9 percent annually.
Thus, the balance of trade in goods for the country registered a deficit of $666 million, higher than $516 million deficit in the same period last year.
News are provided by InstaForex.
Australian Dollar Falls To 3-month Low Against Euro
The Australian dollar slipped against the euro in early Asian deals on Wednesday.
The aussie hit 1.4901 against the euro, a level last seen on August 29. The next possible support for the aussie is seen around the 1.50 level. The pair was worth 1.4863 at yesterday's close.
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Seoul Shares on Track for a Fourth Straight Winning Session
The Korea Composite Stock Price Index (KOSPI) gained 0.7 percent to 2,042.60 points as of 0200 GMT after touching an intraday high of 2,046.27, its highest since , fuelled by a strong U.S. consumer confidence survey that boded well for South Korean exporters' sales to their second largest market.
"In the past 10 years KOSPI had mirrored the U.S. year-end consumption season to rise 4 percent on average, and with consumer confidence picking up, the outlook seemd quite rosy for this year as well," said Chung Seung-jae, an analyst at Mirae Asset Securities.
News are provided by InstaForex.
South Korea Industrial Production Rebounds In October
Industrial production in South Korea rebounded in October, the latest figures from Statistics Korea revealed Friday.
After adjusting to seasonal variations, industrial production expanded 1.8 percent month-on-month in October, partly recovering from a 2.3 percent slump in September. Manufacturing output grew 2 percent after a 2.5 percent decline a month earlier.
On an unadjusted basis, industrial output rose 3 percent month-on-month following a 3.9 percent drop in September. Manufacturing was also up 3 percent from a month earlier in unadjusted terms.
On an annual basis, manufacturing production grew 3 percent after a 4 percent contraction in September.
News are provided by InstaForex.
Canadian Dollar Falls To 4-day Low Against Yen
The Canadian dollar drifted lower against the Japanese yen in early Asian deals on Monday.
The loonie touched a 4-day low of 96.29 against the yen, down from last week's closing quote of 96.42. The loonie is likely to face support at the 95.00 area.
News are provided by InstaForex.
Hong Kong Nov Pmi Hits 10-Month High As New Orders, Output Increase
New business from China expands for the first time in 10 months
Strongest increase in output since January
Employment contracts for ninth consecutive month
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Australian Dollar Edges Up Against Canadian Dollar
The Australian dollar ticked up against the Canadian dollar in early Asian deals on Thursday.
The aussie rose to 0.9653 against the loonie, bouncing off from an early low of 0.9624. The next possible upside target for the aussie-loonie pair lies around the 0.975 mark.
News are provided by InstaForex.
NZ Dollar Off 2-day High Against US Dollar
The New Zealand dollar that advanced to a 2-day high of 0.8234 against the US dollar at the beginning of Friday's Asian session erased some of its gains subsequently.
Near-term downside target for the kiwi-greenback pair is seen around the 0.8170 level, its horizontal channel trend-line area and the likelihood of a bullish resumption could help breaking the 0.8260 resistance.
News are provided by InstaForex.