Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Quite trades in Asian session, dollar fell versus Aussie

ecPulse
2013-05-17 01:38AM UTC

Today`s Asian session notice quiet trades among major currencies versus dollar near yesterday`s closing levels amid the absence of important economic data in the U.S. today.

Japanese economy noticed today a noticeable jump in machine orders index reading for the month March by 14.2% from a previous of 7.5% confirming Japanese rebounding.

Japanese yen continue its trade near its lowest levels in four years versus dollar, where selling operations for the yen increased amid the recent stimulus plans in Japan to reach the targeted 2% inflation.

USD/JPY pair slightly inclined today to record high of 102.36 after starting today`s session at 102.12. EUR/JPY pair traded in a narrow range today to 131.70, while the GBP/JPY pair traded near 156.10.

Euro slightly fell versus American dollar today, where the EUR/USD pair recorded low o f1.2867, while the GBP/USD pair fell also to 1.5250.

From another side, Australian dollar noticeably fell versus its counterpart American dollar to reach its lowest since mid-2012 at 0.9768 amid the recent downward trend for Australian dollar.

Consumer Confidence in New Zealand

Fx News Today
2013-05-17 01:29AM UTC

New Zealand`s economy continue to show its signs of stability, where consumer confidence showed stable readings during the month of May despite the current global instability.

New Zealand`s consumer confidence index inclined in May to record an actual of 123.7, compared with a previous reading of 119.2.

Meanwhile, the nation`s consumer confidence recorded an actual of 3.8% in May, compared with a previous percentage of 3.8%.

From another side, New Zealand`s growth curbed by the recent slowed performance in China since it became the main trade partner to New Zealand.

Li facilitating investments in China

Fx News Today
2013-05-17 01:03AM UTC

Chinese Prime Minister Li Keqiang is facilitating Chinese investments through canceling pre-approvals for investments projects in order to spur the world`s second largest economy.

Moreover, Chinese premier has canceled the pre-approval for investments including airport, paper pulp and gas fields, where those investments will no longer needs pre-approvals from Chinese economic planning agency.

This step considered a big support by Chinese government to investments sector in China which is expected to boost the nation`s expansion during the upcoming period

Machine Orders in Japan

Fx News Today
2013-05-16 23:55PM UTC

Japanese Machine Orders jumped more-than-estimated in March, where the reading inclined to 14.2% in comparison with analysts` expectations of 3.5%, while the previous reading recorded a revised of 4.2% from 7.5%.

Meanwhile, annualized Machine Orders exceeded expectations to 2.4% in March, compared with a pervious reading of -11.3% a year earlier, while analysts`` estimates were -4.9%.