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CHINA INDUSTRIAL OUTPUT, RETAIL SALES GROWTH IMPROVE IN AUGUST
China's industrial production and retail sales growth improved more than expected in August, official data revealed on Friday.
Industrial production posted an annual increase of 4.5 percent, the National Bureau of Statistics reported. Output was expected to climb moderately by 3.9 percent in August after rising 3.7 percent in July.
Likewise, growth in retail sales improved to 4.6 percent in August from 2.5 percent in the previous month. This was also better than economists' forecast of 3.0 percent.
During January to August period, fixed asset investment increased 3.2 percent from the same period last year, data showed. However, the rate was slightly weaker than the expected 3.3 percent.
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SINGAPORE NODX SINKS 3.8% IN AUGUST
Singapore's non-oil domestic exports (NODX) were down 3.8 percent on month in August, Statistics Singapore said on Monday.
That missed expectations for an increase of 5.6 percent following the downwardly revised 3.5 percent contraction in July (originally -3.4 percent).
On a yearly basis, exports slumped 20.1 percent - again missing forecasts for a decline of 15/8 percent after stumbling a downwardly revised 20.3 percent in the previous month (originally -20-2 percent).
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NZ DOLLAR RISES AGAINST MAJORS
The New Zealand dollar strengthened against other major currencies in the Asian session on Tuesday.
The NZ dollar rose to a 4-day high of 0.5928 against the U.S. dollar, from yesterday's closing value of 0.5917.
Against the yen and the euro, the kiwi edged up to 87.48 and 1.8045 from yesterday's closing quotes of 87.33 and 1.8064, respectively.
Moving away from an early low of 1.0884 against the Australian dollar, the kiwi advanced to a 5-day high of 1.0870.
If the kiwi extends its uptrend, it is likely to find resistance around 0.61 against the greenback, 88.00 against the yen, 1.78 against the euro and 1.06 against the aussie.
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JAPAN TRADE DEFICIT Y930.477 BILLION IN AUGUST
Japan posted a merchandise trade deficit of 930.477 billion yen in August, the Ministry of Finance said on Wednesday.
That was well shy of expectations for a shortfall of 659.1 billion yen following the upwardly revised 66.3 billion yen deficit in July (originally -78.7 billion yen).
Exports were down 0.8 percent on year at 7.994 trillion yen, beating forecasts for a decline of 1.7 percent following the 0.3 percent drop in the previous month.
Imports slumped an annual 17.8 percent to 8.924 trillion yen versus expectations for a fall of 19.4 percent following the downwardly revised 13.6 percent contraction a month earlier (originally -13.5 percent).
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AUSTRALIAN DOLLAR FALLS AGAINST MAJORS
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
The Australian dollar fell to a 5-week low of 0.8639 against the Canadian dollar and an 8-day low of 0.6403 against the U.S. dollar, from yesterday's closing quotes of 0.8675 and 0.6445, respectively.
Against the euro and the yen, the aussie slipped to 2-day lows of 1.6608 and 94.94 from yesterday's closing quotes of 1.6533 and 95.60, respectively.
The aussie edged down to 1.0842 against the NZ dollar, from Wednesday's closing value of 1.0870.
If the aussie extends its downtrend, it is likely to find support around 0.85 against the loonie, 0.65 against the greenback, 1.68 against the euro, 93.00 against the yen and 1.06 against the kiwi.
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PHILIPPINES MANUFACTURING SECTOR CLIMBS INTO EXPANSION TERRITORY - S&P GLOBAL
The manufacturing sector in the Philippines moved to expansion in September, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.6.
That's up from 49.7 in August, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
After having fallen for the first time in a year in August, improved demand conditions and new client wins supported a fresh, albeit modest rise in new orders during September. However, latest data also revealed a fall in new business from abroad, thereby marking the first month of contraction in the year-to-date. Moreover, the rate of decrease was solid overall and faster than the historical average.
Subsequently, the data suggested that the latest uptick in factory orders was fueled by domestic demand. Nonetheless, the overall rise in total new business translated into a further expansion in production. Moreover, the rate of growth quickened from August's 12-month low.
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EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY FOREIGN TRADE DATA DUE
Foreign trade and construction Purchasing Managers' survey results from Germany are the top economic news due on Thursday.
At 2.00 am ET, Destatis is scheduled to issue Germany's external trade data for August. Exports are forecast to fall 0.4 percent on month, while imports are expected to climb 0.5 percent.
At 2.45 am ET, France's statistical office INSEE is scheduled to release industrial production for August. Economists expect industrial output to drop 0.4 percent on a monthly basis, in contrast to the 0.8 percent increase in July.
At 3.00 am ET, Spain's INE publishes industrial output for August. Output is seen falling 2.1 percent annually after a 1.8 percent drop in July.
At 3.30 am ET, Germany's construction Purchasing Managers' survey results are due.
At 4.30 am ET, S&P Global releases UK construction PMI data for September. The index is seen at 49.9, down from 50.8 in August.
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JAPAN LEADING INDEX RISES TO 109.5, HIGHEST IN 9 MONTHS
Japan's leading index improved in August to the highest level in nine months, preliminary data from the Cabinet Office showed on Friday.
The leading index, which measures future economic activity, rose to 109.5 in August from 108.2 in July.
Further, this was the highest reading since November last year, when it was 109.6.
The coincident index that measures the current economic situation increased somewhat to a 114.3 in August from 114.2 in the previous month.
Data showed that the lagging index climbed to 106.0 from 105.7 in the previous month.
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CHINESE YUAN RISES TO NEAR 2-WEEK HIGH AGAINST U.S. DOLLAR
The Chinese yuan strengthened against the U.S. dollar in the Asian session on Monday, as Chinese market reopened after China's Golden Week holiday.
Against the greenback, the yuan rose to nearly a 2-week high of 7.2940 from a recent high of 7.3021.
If the yuan extends its uptrend, it is likely to find resistance around the 7.24 region.
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JAPAN HAS Y2.279 TRILLION CURRENT ACCOUNT SURPLUS IN AUGUST
Japan posted a current account surplus of 2.279 trillion yen in August, the Ministry of Finance said on Tuesday.
That was shy of expectations for a surplus of 3.091 trillion yen following the 2.771 trillion yen surplus in July.
Exports were down 2.6 percent on year at 7.893 trillion yen, while imports slumped an annual 18.2 percent to 8.643 trillion yen for a trade deficit of 749.5 billion yen.
The capital account showed a deficit of 6.4 billion yen, while the financial account had a surplus of 2.987 trillion yen.
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CHINA EXPORTS FALL LESS THAN EXPECTED
China's exports declined less than expected in September, data from the General Administration of Customs showed on Friday.
Exports registered a decrease of 6.2 percent in September compared to the previous year. This was slower than the expected decline of 7.6 percent and the 8.8 percent fall seen in August.
At the same time, imports also decreased 6.2 percent annually, slower than the 7.3 percent fall in August. Imports were forecast to drop 6.0 percent.
Consequently, the trade surplus rose to $77.7 billion from $68.4 billion in August. The expected level was $70.0 billion.
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CHINA GDP CLIMBS 4.9% ON YEAR IN Q3
China's gross domestic product expanded an annualized 4.9 percent on year in the third quarter of 2023, the National Bureau of Statistics said on Wednesday.
That beat forecasts for a gain of 4.4 percent but was still down from the 6.3 percent growth in the second quarter.
On a seasonally adjusted quarterly basis, GDP gained 1.3 percent - again exceeding expectations for 1.0 percent following the 0.5 percent increase in the three months prior.
The bureau also noted that industrial production was up 4.5 percent on year, beating forecasts for 4.3 percent and unchanged from the August reading.
Retail sales rose an annual 5.5 percent, topping expectations for a gain of 4.5 percent and up from 4.6 percent in the previous month.
Fixed Asset Investment rose 3.1 percent on year, missing forecasts for 3.2 percent, which would have been unchanged from August.
The jobless rate came in at 5.0 percent, below forecasts for 5.2 percent, which would have been unchanged.
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AUSTRALIA UNEMPLOYMENT RATE SLIPS TO 3.6% IN SEPTEMBER
The jobless rate in Australia came in at a seasonally adjusted 3.6 percent in September, the Australian Bureau of Statistics said on Thursday.
That beat forecasts for 3.7 percent, which would have been unchanged from the August reading.
The Australian economy added 6,700 jobs last month, shy of expectations for an increase of 18,000 following the addition of 64,900 jobs in the previous month.
The participation rate was 66.7 percent, below forecasts for 67.0 percent, which would have been unchanged.
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EUROPEAN ECONOMIC NEWS PREVIEW: UK RETAIL SALES, PUBLIC SECTOR FINANCE DATA DUE
Retail sales and public sector finances from the UK are the top economic news due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance figures. Retail sales are forecast to fall 0.2 percent on month in September, reversing a 0.4 percent rise in August. The UK budget balance is forecast to post a surplus of GBP 17.6 billion in August.
Also, the European Automobile Manufacturers' Association or ACEA publishes Europe's new car registrations for September. Sales had increased 21.0 percent annually in August.
In the meantime, Destatis is scheduled to issue Germany's producer prices for September. Economists forecast prices to fall 14.2 percent annually after easing 12.6 percent in August.
At 4.00 am ET, retail sales data is due from Poland. Sales are expected to decline 2.0 percent annually in September, slower than the 2.7 percent fall in August.
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AUSTRALIAN DOLLAR RISES AGAINST MAJORS
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Australian dollar rose to nearly a 1-1/2-month high of 1.0915 against the NZ dollar, from yesterday's closing value of 1.0871.
Against the U.S. and the Canadian dollars, the aussie advanced to nearly a 2-week high of 0.6400 and nearly a 2-month high of 0.8789 from yesterday's closing quotes of 0.6355 and 0.8730, respectively.
The aussie climbed to more than a 3-week high of 95.89 against the yen and a 1-week high of 1.6559 against the euro, from Tuesday's closing quotes of 95.27 and 1.6658, respectively.
If the aussie extends its uptrend, it is likely to find support around 1.10 against the kiwi, 0.65 against the greenback, 0.88 against the loonie, 97.00 against the yen and 1.64 against the euro.
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SINGAPORE INDUSTRIAL OUTPUT FALLS 2.1%, LESS THAN FORECAST
Singapore's industrial production continued to decline in September, though the pace of decrease has eased considerably since August, data from the Economic Development Board revealed on Thursday.
Industrial production dropped 2.1 percent year-on-year in September, following an 11.6 percent plunge in the prior month. That was also below the 4.8 percent decrease expected by economists. Production has been falling since October last year.
Excluding bio-medical manufacturing, industrial production rebounded 0.1 percent annually in September after a 12.7 percent slump in the previous month.
On a monthly basis, industrial production surged 10.7 percent in September, reversing a sharp 10.8 percent fall in August.
Among major clusters, production in the biomedical manufacturing industries fell the most, by 18.9 percent in September, as the pharmaceutical segment contracted 41.4 percent from last year.
The second-most significant decrease was observed in the chemicals cluster, which declined 12.9 percent.
At the same time, electronics output registered a double-digit annual growth of 10.2 percent, and that of the transport engineering segment posted an increase of 13.2 percent.
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AUSTRALIA RETAIL SALES JUMP 0.9% IN SEPTEMBER
The value of retail sales in Australia was up a seasonally adjusted 0.9 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at A$35.874 billion.
That blew away forecasts for an increase of 0.3 percent and was up sharply from the upwardly revised 0.3 percent in August (originally 0.2 percent).
Individually, sales rose for food, household goods, clothing, department store items, and other retail; sales were flat for cafes and restaurants.
On a yearly basis, retail sales rose 2.0 percent.
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NZ DOLLAR FALLS AGAINST MAJORS
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
The NZ dollar fell to 6-day lows of 0.5789 against the U.S. dollar and 1.8256 against the euro, from yesterday's closing quotes of 0.5825 and 1.8153, respectively.
Against the Australian dollar, the kiwi dropped to a 2-day low of 1.0922 from Tuesday's closing value of 1.0875.
The kiwi edged down to 87.56 against the yen, from yesterday's closing value of 88.35.
If the kiwi extends its downtrend, it is likely to find support around 0.56 against the greenback, 1.83 against the euro, 1.10 against the aussie and 86.00 against the yen.
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AUSTRALIAN DOLLAR RISES AGAINST MAJORS
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
The Australian dollar rose to nearly a 5-week high of 96.77 against the yen, from an early low of 96.61.
Against the U.S. dollar and the euro, the aussie advanced to more than 3-week highs of 0.6439 and 1.6456 from yesterday's closing quotes of 0.6422 and 1.6484, respectively.
The aussie appreciated to more than a 3-month high of 0.8906 against the Canadian dollar, from yesterday's closing value of 0.8884.
The aussie edged up to 1.0935 against the NZ dollar, from Wednesday's closing value of 1.0924.
If the aussie extends its uptrend, it is likely to find resistance around 98.00 against the yen, 0.65 against the greenback, 1.63 against the euro, 0.90 against the loonie and 1.10 against the kiwi.
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MALAYSIAN RINGGIT RISES TO MORE THAN 2-WEEK HIGH AGAINST U.S. DOLLAR
The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Friday. Against the greenback, the ringgit rose to more than a 2-week high of 4.7360 from yesterday's closing value of 4.7500.
If the ringgit extends its uptrend, it is likely to find resistance around the 4.70 area.
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YEN FALLS AGAINST MAJORS
The Japanese yen weakened against other major currencies in the Asian session on Monday.
The yen fell to a 2-month low of 185.21 against the pound, from Friday's closing value of 184.86.
Against the euro and the Swiss fran, the yen slipped to 6-day lows of 160.68 and 166.76 from last week's closing quotes of 160.26 and 166.11, respectively.
The yen edged down to 149.68 against the U.S. dollar, from Friday's closing value of 149.37.
Against the Australia, the New Zealand and the Canadian dollars, the yen slipped to nearly a 5-month low of 97.51, nearly a 4-week low of 89.70 and nearly a 3-week low of 109.66 from last week's closing quotes of 97.27, 89.58 and 109.35, respectively.
If the yen extends its downtrend, it is likely to find support around 186.00 against the pound, 162.00 against the euro, 169.00 against the franc, 152.00 against the greenback, 98.00 against the aussie, 91.00 against the kiwi and 111.00 against the loonie.
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NZ DOLLAR RISES AGAINST MAJORS
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
The NZ dollar rose to a 2-day high of 1.0814 against the Australian dollar, from yesterday's closing value of 1.0823.
Against the U.S. dollar and the euro, the kiwi advanced to 0.5930 and 1.8062 from Wednesday's closing quotes of 0.5910 and 1.8104, respectively.
Moving away from a recent 2-day low of 89.13 against the yen, the kiwi edged up to 89.49.
If the kiwi extends its uptrend, it is likely to find resistance around 1.06 against the aussie, 0.60 against the greenback, 1.77 against the euro and 89.13 against the yen.
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AUSTRALIAN DOLLAR FALLS AGAINST MAJORS
The Australian dollar weakened against other major currencies in the Asian session on Friday.
The Australian dollar fell to 9-day lows of 0.6352 against the U.S. dollar and 96.12 against the yen, from yesterday's closing quotes of 0.6366 and 96.34, respectively.
Against the euro and the Canadian dollar, the aussie slid to more than a 2-week low of 1.6791 and nearly a 2-week low of 0.8771 from Thursday's closing quotes of 1.6754 and 0.8789, respectively.
The aussie edged down to 1.0784 against the NZ dollar, from yesterday's closing value of 1.0801.
If the aussie extends its downtrend, it is likely to find support around 0.62 against the greenback, 94.00 against the yen, 1.69 against the euro, 0.85 against the loonie and 1.06 against the kiwi.
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YEN SLIDES AGAINST MAJORS
The Japanese yen weakened against other major currencies in the Asian session on Monday.
The yen slid to more than a 15-year low of 162.08 against the euro and nearly a 2-week low of 151.70 against the U.S. dollar, from Friday's closing quotes of 161.82 and 151.50, respectively.
Against the pound, the yen dropped to 4-day lows of 185.55 and 96.50 from last week's closing quotes of 185.16 and 96.41, respectively.
The yen edged down to 168.11 against the Swiss franc, from Friday's closing value of 167.76.
Against the New Zealand and the Canadian dollars, the yen dropped to 89.39 and 109.83 from last week's closing quotes of 89.28 and 109.76, respectively.
If the yen extends its downtrend, it is likely to find support around 163.00 against the euro, 152.00 against the greenback, 187.00 against the pound, 98.00 against the aussie, 169.00 against the franc, 90.00 against the kiwi and 111.00 against the loonie.
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EUROPEAN ECONOMIC NEWS PREVIEW: UK LABOR MARKET DATA DUE
The labor market statistics from the UK and economic sentiment survey results from Germany are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.3 percent in three months to September from 4.2 percent in the preceding period.
Consumer price data from Sweden is due at 2.00 am. Inflation is forecast to rise to 6.7 percent in October from 6.5 percent in September.
At 2.30 am ET, the Federal Statistical Office is set to issue Swiss producer prices for October. Economists forecast producer prices to rise 0.1 percent on month, in contrast to the 0.1 percent fall in September.
At 3.00 am ET, Spain's INE issues final consumer and harmonized prices for October. The flash estimate showed that consumer price inflation held steady at 3.5 percent.
At 5.00 am ET, Eurostat is slated to issue euro area flash GDP and employment for the third quarter. The preliminary flash estimate showed that GDP registered a quarterly contraction of 0.1 percent, in contrast to the 0.2 percent expansion in the second quarter.
In the meantime, Germany ZEW economic confidence survey data is due. The sentiment index is seen at 5.0 in November versus -1.1 in October.
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NZ DOLLAR RISES AGAINST MAJORS
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
The NZ dollar rose to an 8-1/2-year high of 90.72 against the yen and nearly a 5-week high of 0.6023 against the U.S. dollar, from yesterday's closing quotes of 90.35 and 0.6004, respectively.
Against the euro and the Australian dollar, the kiwi advanced to a 6-day high of 1.8064 and a 2-day high of 1.0798 from yesterday's closing quotes of 1.8117 and 1.0823, respectively.
If the kiwi extends its uptrend, it is likely to find resistance around 92.00 against the yen, 0.61 against the greenback, 1.78 against the euro and 1.06 against the aussie.
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CANADIAN DOLLAR DROPS AGAINST MOST MAJORS
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
The Canadian dollar fell to a 2-day low of 1.3713 against the U.S. dollar, from yesterday's closing value of 1.3684.
Against the yen and the euro, the loonie dropped to 110.31 and 1.4861 from Wednesday's closing quotes of 110.50 and 1.4852, respectively.
If the loonie extends its downtrend, it is likely to find support 1.38 around against the greenback, 108.00 against the yen and 1.49 against the euro.
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MALAYSIA GDP DATA DUE ON FRIDAY
Malaysia will on Friday release Q3 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
GDP is expected to expand 3.3 percent on year, up from 2.9 percent in the three months prior.
Singapore will provide October numbers for non-oil domestic exports; in September, exports were up 11.1 percent on month and down 13.2 percent on year.
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U.S. DOLLAR FALLS AGAINST MAJORS
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
The U.S. dollar fell to nearly a 3-1/2-month low of 1.0966 against the euro, from yesterday's closing value of 1.0938.
Against the pound and the yen, the greenback dropped to near 2-1/2-month lows of 1.2541 and 147.24 from yesterday's closing quotes of 1.2504 and 148.36, respectively.
The greenback edged down to 0.8827 against the Swiss franc, from Monday's closing value of 0.8848.
Against the Australia and the New Zealand dollars, the greenback slid to near 3-1/2-month lows of 0.6587 and 0.6075 from yesterday's closing quotes of 0.6556 and 0.6036, respectively.
The greenback dropped to 1.3705 against the Canadian dollar, from Monday's closing value of 1.3724.
If the greenback extends its downtrend, it is likely to find support around 1.12 against the euro, 1.27 against the pound, 145.00 against the yen, 0.86 against the franc, 0.67 against the aussie, 0.61 against the kiwi and 1.34 against the loonie.
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DENMARK CONSUMER CONFIDENCE REMAINS NEGATIVE
Danish consumers expressed a pessimistic approach in November, despite their confidence having improved slightly from October, figures from Statistics Denmark showed on Wednesday.
The consumer confidence index rose to -10.3 in November from -11.2 in the previous month.
The slight improvement in November was mainly attributed to the strengthening of the assessment of the family's current financial situation, the expectation of the family's future financial situation, and the desire to buy, the survey said.
Consumers' views towards their own financial situation in the next twelve months remained positive in November, and they rose to 5.2 from 2.5.
However, opinion regarding the general economic situation of the country over the next year worsened to -5.8 in November from -4.6 a month ago.
Households expect prices to rise more slowly over the next twelve months, and they also expect a rising trend for unemployment, the survey said.
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NZ DOLLAR RISES AGAINST MAJORS
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
The NZ dollar rose to a 1-week high of 90.28 against the yen and a 2-day high of 1.8005 against the euro, from yesterday's closing quotes of 89.99 and 1.8084, respectively.
Against the U.S. and the Australian dollars, the kiwi edged up to 0.6054 and 1.0829 from Wednesday's closing quotes of 0.6021 and 1.0866, respectively.
If the kiwi extends its uptrend, it is likely to find resistance around 92.00 against the yen, 1.78 against the euro, 0.57 against the greenback and 1.06 against the aussie.
News are provided by InstaForex
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CHINA INDUSTRIAL PROFITS CONTINUE TO RISE
China industrial profits continued to increase in October albeit at a slower pace, the National Bureau of Statistics said Monday. Industrial profits grew 2.7 percent on a yearly basis in October. The pace of increase slowed notably from the 11.9 percent rise posted in September.
During January to October, industrial profits decreased 7.8 percent from the same period last year. Nonetheless, this was slightly slower than the 9 percent decline seen in the first nine months of the year, data showed.
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NZ DOLLAR RISES AGAINST MAJORS
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
The NZ dollar rose to nearly a 4-month high of 0.6209 against the U.S. dollar, from yesterday's closing value of 0.6136.
The kiwi advanced to nearly a 2-week high of 91.22 against the yen, from a recent 6-day low of 90.23.
Against the euro and the Australian dollar, the kiwi climbed to 1-1/2-month highs of 1.7742 and 1.0729 from yesterday's closing quotes of 1.7908 and 1.0833, respectively.
If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 92.00 against the yen, 1.74 against the euro and 1.06 against the aussie.
News are provided by InstaForex
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EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE INFLATION DATA DUE
Flash inflation from the euro area and unemployment from Germany are the top economic news due on Thursday, headlining a busy day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales data for October. Sales are forecast to fall 1.9 percent annually after easing 4.3 percent a month ago.
At 2.45 am ET, France's statistical office INSEE publishes flash consumer prices, GDP, household consumption and producer prices. The statistical office is expected to confirm 0.1 percent sequential growth for the third quarter. Harmonized inflation is seen at 4.1 percent in November compared to 4.5 percent in October.
At 3.00 am ET, Switzerland's KOF leading index is due. Economists forecast the leading index to rise to 96.6 in November from 95.8 in October.
At 3.55 am ET, Germany's Federal Labour Agency is scheduled to release unemployment data for November. The number of unemployed is forecast to increase 22,000 after rising 30,000 in October.
At 4.00 am ET, Italy's ISTAT publishes unemployment data for October. The jobless rate is seen at 7.5 percent compared to 7.4 percent in September.
In the meantime, consumer prices and revised GDP figures are due from Poland.
At 5.00 am ET, Eurostat is set to issue euro area flash inflation and unemployment data. Inflation is expected to ease to 2.7 percent in November from 2.9 percent in October. The euro area jobless rate is seen unchanged at 6.5 percent in October.
Also, preliminary inflation figures are due from Italy.
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PHILIPPINES MANUFACTURING SECTOR ACCELERATES IN NOVEMBER - S&P GLOBAL
The manufacturing sector in the Philippines continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 52.7.
That's up from 52.4 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
The uptick in the headline figure reflected gains across the top two PMI components: new orders and output. Indeed, November saw rates of growth quicken to eight- and ten month highs, respectively.
Firms noted that strong demand conditions both in domestic and foreign markets, new client wins and increased contract work boosted overall sales and in turn spurred greater production.
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YEN RISES AGAINST MAJORS
The Japanese yen strengthened against other major currencies in the Asian session on Monday.
The yen rose to a 1-month high of 159.11 against the euro and a 4-day high of 168.32 against the Swiss franc, from last week's closing quotes of 159.76 and 168.86, respectively.
The yen advanced to a 2-week high of 185.53 against the pound and nearly a 3-month high of 146.24 against the U.S. dollar, from Friday's closing quotes of 186.57 and 146.81, respectively.
Against the Australia, the New Zealand and the Canadian dollars, the yen rose to 4-day highs of 97.65, 90.89 and 108.39 from last week's closing quotes of 97.98, 91.14 and 108.76, respectively.
If the yen extends its uptrend, it is likely to find resistance around 157.00 against the euro, 164.00 against the franc, 180.00 against the pound, 143.00 against the greenback, 94.00 against the aussie, 87.00 against the kiwi and 105.00 against the loonie.
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AUSTRALIA ADDS 61,500 JOBS IN NOVEMBER
Australia gained 61,500 jobs in November, the Australian Bureau of Statistics said on Friday - for a total of 14,257,00.
That blew away expectations for an increase of 11,000 jobs following the addition of 55,000 jobs in October.
Full-time employment increased by 57,000 to 9,905,900, while part-time employment increased by 4,500 to 4,351,600.
The jobless rate ticked up to a seasonally adjusted 3.9 percent versus expectations for 3.8 percent, which would have been unchanged from the previous month following an upward revision from 3.7 percent.
The participation rate improved to 67.2 percent, beating expectations for 66.9 percent and up from 67.0 percent in October.
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CHINA INDUSTRIAL OUTPUT CLIMBS 6.6% ON YEAR IN NOVEMBER
Industrial production in China was up 6.6 percent on year in November, the National Bureau of Statistics said on Friday.
That beat forecasts for an increase of 5.6 percent and was up from 4.6 percent in October.
The bureau also said that retail sales jumped an annual 10.1 percent - shy of expectations for 12.5 percent but up from 7.6 percent in the previous month.
Fixed asset investment rose 2.9 percent on year - unchanged from October, but missing forecasts for a gain of 3.0 percent.
The unemployment rate came in at 5.0 percent, in line with expectations and unchanged from the previous month.
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NZ DOLLAR RISES AGAINST MAJORS
The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.
The NZ dollar rose to 4-day highs of 0.6243 against the U.S. dollar and 88.72 against the yen, from Friday's closing quotes of 0.6206 and 88.22, respectively.
Against the euro and the Australian dollar, the kiwi advanced to 4-day highs of 1.7483 and 1.0762 from last week's closing quotes of 1.7543 and 1.0783, respectively.
If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 90.00 against the yen, 1.73 against the euro and 1.06 against the aussie.
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YEN FALLS AGAINST MAJORS
The Japanese yen weakened against other major currencies in the early Asian session on Tuesday.
The yen fell to 6-day lows of 157.02 against the euro and 181.97 against the pound, from yesterday's closing quotes of 155.90 and 180.45, respectively.
Against the U.S. dollar and the Swiss franc, the yen slid to 6-day lows of 143.78 and 165.79 from Monday's closing quotes of 142.74 and 164.56, respectively.
Against Australia, the New Zealand and the Canadian dollars, the yen slipped to nearly a 2-week low of 96.61, a 1-week low of 89.50 and a 6-day low of 107.36 from yesterday's closing quotes of 95.71, 88.66 and 106.51, respectively.
If the yen extends its downtrend, it is likely to find support around 160.00 against the euro, 186.00 against the pound, 148.00 against the greenback, 169.00 against the franc, 98.00 against the aussie, 91.00 against the kiwi and 110.00 against the loonie.
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