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Australian wheat exports unaffected

Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt Thursday, 31 March 2011 03:16

Continued demand for Australian Wheat by Japan shows that the recent natural disasters would do little to affect the exports.

Australian $ hits new highs

Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt 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.

Euro inflation spikes to 2.6 percent

Last Updated on Thursday, 31 March 2011 02:45 Written by Elena Rajkovic Thursday, 31 March 2011 02:06

The central bank’s target to keep inflation lower than 2 percent isn’t looking promising as inflation jumped very high for the European currency, a lot higher than the year before and a lot higher than anticipated, to 2.6 percent..

GSCI spot index in Singapore shows an increase

Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt 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.

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

Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt 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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