The New Zealand dollar fell during trading on Wednesday to trade weakly near the lows of yesterday, after experiencing a decline yesterday from its highest level in 15 months after weak data on exports and the expansion of the trade deficit in New Zealand.

The New Zealand dollar against the US dollar is currently trading at the level of 0.7275 after it opened today's trading at the level of 0.7272 and recorded the highest at 0.7277 and the lowest at 0.7267, while it rose yesterday to its highest level in 15 months at 0.7341 before closing down at 0.7271.

Released today by the New Zealand economy data on Trade Balance index during the month of July, the actual reading experiencing a deficit of 433 million New Zealand dollars, compared with expectations for a deficit of 290 million New Zealand dollars while the previous reading indicate a deficit of 127 million New Zealand dollars.

As for exports, the index witnessed a rise worth 3.96 billion New Zealand dollars, compared with expectations for a 4.01 billion New Zealand dollars and the previous reading was 4.26 billion New Zealand dollars.

Exports decline in New Zealand comes as a result of the decline in global demand in general, and the decline in demand from China in particular, as the first trade partner of New Zealand, which represents a negative impact on the New Zealand dollar trades even with the decline in US dollar against major currencies.

As for the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 94.58 after it opened today's session at the 94.57 level, while the lowest level been recorded at 94.55 after recording the highest at 94.63 comes after it fell yesterday to its lowest level at 94.20.

Gold prices rose slightly during trading on Wednesday to keep the movements of the precious metal within a specified range in light of the continued volatility and market anticipation for Yellen speech head of the Federal Reserve Bank this week.

Gold prices are currently trading at $ 1338.7 per ounce after hitting the lowest level at $ 1336.9 per ounce and today's session was opened at $ 1337.7 per ounce, its highest level at $ 1339.2 per ounce. comes after rising yesterday to its highest level at $ 1344.6 per ounce.

Gold prices tried to rally during yesterday's trading at the expense of a weaker dollar levels against major currencies, but the improvement in the US housing sector data caused the contraction of higher gold and the dollar stopped the decline to return the gold movement within a specific trading range.

Statements of Fischer, member of the Federal Reserve Bank increased the demand for the dollar at the beginning of the week and then quickly the decline returned to dominate the performance of the dollar in light of waiting for Yellen speech head of the bank of the Federal Reserve to helps the continuation of sideways movement in gold levels.

As for the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 94.58 after it opened today's session at the 94.57 level, while the lowest level been recorded at 94.55 after recording the highest at 94.63 comes after it fell yesterday to its lowest level at 94.20.

Asian stock indices witnessed a rise during Wednesday's rally led by Japanese shares amid growing expectations that the Fed will not rush to raise US interest rates this year, especially with the lack of the stability of the US economic data.

The MSCI Asia Pacific Index rose 0.1 percent to 139.34 points level , as Japanese stocks rose with expectations that the Japanese central bank may act to increase stimulus program during its next meeting.

Japanese stocks rose in today's trading, the wider Topix index in Japan rose 0.78% to witness adding 7.85 points up to 1,017.23 level, while the main 225 shares of Japanese Nikkei rose 0.66% to win 109.54 points up to 16,606.90 level

Chinese stock indices witnessed a rise in today's trading, where CSI 300 index witnessed a rise of 0.15% to win 5.04 points and reach 3,341.83 level as the Shanghai index rose 0.16% to win 4.90 points up to 3,089.71 level

While the Hang Seng index of Hong Kong shares rose 0.05% to witness adding 11.70 points reaching 23,010.63 level as the Kospi index of South Korean shares rose 0.04% to win 0.80 points reaching 2,050.73 level

As for the index NZX 50 of New Zealand shares rose 0.03% to win 1.72 points up to 5,341.71 level on the other hand S & P / ASX 200 index of Australian shares rose 0.17% to win 9.23 points reaching 5,563.00 level

Silver prices rose during the Asian session on Wednesday after it tried yesterday to rise from the lowest level in seven weeks, but the US data caused the contraction of higher commodity yesterday.

Silver prices are currently trading at $ 18.95 per ounce, after recording the highest at $ 18.98 an ounce and it opened today's session at $ 18.84 an ounce, while silver prices recorded the lowest level of the day at $ 18.81 an ounce.

Rising silver prices comes amid attempts by the markets to correct the significant decline that pushed it to record the lowest level in seven weeks, this recovery comes in the light of the continued decline of the dollar against major currencies, increasing the inverse relationship between the dollar and silver.

This and the financial markets await this week Yellen speech president of the Federal Reserve Bank about monetary policy and the future of US interest rates which prompted investors to avoid taking new financial positions as volatility dominated commodity prices.

As for the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 94.58 after it opened today's session at the 94.57 level, while the lowest level been recorded at 94.55 after recording the highest at 94.63 comes after it fell yesterday to its lowest level at 94.20.