Aussie dollar Gains After China Data; Dollar Extends Post-Jobs - TopicsExpress



          

Aussie dollar Gains After China Data; Dollar Extends Post-Jobs Retreat: The Australian dollar gained after data showed exports rose more than expected in China, the South Pacific nation’s biggest trading partner. The greenback extended a slide after October jobs growth was weaker than forecast. The U.S. currency slid toward a second daily decline against the yen, after reaching a seven-year high last week as Bank of Japan Governor Haruhiko Kuroda said there was no limit to easing measures the bank could take to tackle deflation. New Zealand’s kiwi dollar also climbed as the China report improved prospects for the Asia-Pacific region’s largest economy. The market is relatively happy that China is moderating its growth rate in a sustainable fashion, the question the market is asking itself is: Are we too far ahead of the trend for U.S. dollar strengthen.
Posted on: Mon, 10 Nov 2014 03:32:51 +0000

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