Australian $ hits new highs

Thursday, 31 March 2011 03:03

The Australian $ hit new highs after strong retail sales results. Sales rose 0.5% last month, expectations were 0.4%. Currently the AUS $ is trading at 1.0347 which is the highest level since the currency was floated in 1983.

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GSCI spot index in Singapore shows an increase

Thursday, 31 March 2011 01:33

The GSCI spot index in Singapore showed an increase of 0.2% to 712.61 this morning in Asian trading, overall gain for the year has been over 13%. The GSCI index is a spot index based on 24 futures contracts and shows the continual gains in commodities accross the globe. Increases in Cotton – 35%, Oil – 15%, Silver – 22% and Lean hogs – 28% all in the last 3 months have helped the index.

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G-20 finance chiefs are meeting today for a stronger Yuan

Thursday, 31 March 2011 01:30

G-20 finance chiefs are meeting today and the main topic of conversation will be to allow for a stronger Yuan. US, India and Brazil will be leading the charge, the Yuan traded at 6.5565 close to a 17 year high early this morning in Shanghai.

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Euro continues to strengthen against the Dollar

Thursday, 31 March 2011 01:22

The Euro has continued to strengthen against the dollar after inflation figures were above the ECB 2% limit for the forth month in a row. Trading to levels of 1.4224 were seem, inflation numbers in the 17 nation region are around 2.6% and have risen at the fastest pace since 2008

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Australia

Thursday, 31 March 2011 12:38

Gold continues to defy expectations of better jobless numbers on Friday and moving $6 higher overnight. The HUI (modified equal dollar weighted index of companies involved in gold mining) was also up 2% overnight confirming the physical move.

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