Forex News from InstaForex

[IFX Gertrude]

South Korea GDP +1.1% On Quarter In Q3


South Korea's gross domestic product added a seasonally adjusted 1.1 percent in the third quarter of 2013 compared to the previous three months, the Bank of Korea said in Friday's advance estimate.
That beat forecasts for an increase of 0.5 percent and was unchanged from the rate of increase in the second quarter.
On a yearly basis, GDP jumped 3.3 percent - also topping forecasts for an increase of 2.8 percent and up from 2.3 percent in the previous three months.
Real gross domestic income was up 0.4 percent on quarter and 4.2 percent on year.

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[IFX Gertrude]

Aud underpinned by Strong Stocks



The Aussie inched up to $0.9600, from a trough of $0.9572 on Friday, underpinned by a 1 percent increase in stock markets in Japan and Australia.
But it was still a fair way off a five-month peak of $0.9758 set last week on expectations the U.S. Federal Reserve will extend its cheap money policies into next year.

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[IFX Gertrude]

NZ Dollar Falls Against Most Majors



The New Zealand dollar slipped against most major rivals in Asian trading on Tuesday.
The kiwi declined to 80.51 against the yen, its lowest level in nearly 3 weeks. Against the euro, the kiwi fell to a 4-day low of 1.6683.
On the downside, the kiwi may test support around 79.5 against the yen and 1.68 against the euro.
The kiwi hit 0.8258 against the greenback, a level not seen since October 10. Further downtrend may lead the kiwi to face support around the 0.815 area.

News are provided by InstaForex.

[IFX Gertrude]

Australian Dollar Falls Against Canadian Dollar



The Australian dollar weakened against the Canadian dollar in early Asian deals on Wednesday.
The aussie slipped to 0.9901 against the loonie, not far from Tuesday's lowest level of 0.9897 in 11 days. The next probable support for the aussie-loonie pair is seen around the 0.98 level. The pair finished yesterday's deals at 0.9924.

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[IFX Gertrude]

U.S. Dollar Rises Against European Majors



The U.S. dollar edged up against European major counterparts in Asian deals on Thursday.
The greenback reached as high as 0.9014 against the franc, 1.3709 against the euro and 1.6013 against the pound around 11:40 pm ET.
The next probable resistance for the greenback is seen around 0.91 against the franc, 1.365 against the euro and 1.595 against the pound.

News are provided by InstaForex.

[IFX Gertrude]

Krw Decline capped by Demand from Exporters -Dealers



KRW was quoted at 1,062.0 against the dollar as of 0205 GMT, compared with Friday's domestic closing level of 1,060.7.
Exporters continue to sell dollars to convert their contract payments into the local currency, offering firm support for the won. Investors are also reluctant to place aggressive bets before the release of the U.S. October employment report and third-quarter gross domestic product data later this week.

News are provided by InstaForex.

[IFX Gertrude]

U.S. Dollar Advances To 4-day High Against Canadian Dollar



The U.S. dollar strengthened against its Canadian unit in Asian deals on Tuesday.
The greenback hit a 4-day high of 1.0431 against the loonie, up from an early low of 1.0416. The next possible resistance for the greenback-loonie pair lies around the 1.05 zone. At yesterday's close, the pair was worth 1.0423.

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[IFX Gertrude]

Australia Has A$284 Million Trade Deficit



Australia saw a merchandise trade deficit of A$284 million in September, the Australian Bureau of Statistics said on Wednesday.
That beat forecasts for a shortfall of A$500 million following the revised 693 million deficit in August (originally A$815 million).
Exports were roughly flat on month at A$27.309 billion, up marginally from A$27.185 billion in the previous month.
Imports dipped 1.0 percent to A$27.593 billion, down from A$27.878 billion a month earlier.

News are provided by InstaForex.

[IFX Gertrude]

Taiwan Will Allow Chinese Companies to Issue Yuan Bonds by the End of This Year



China Development Bank (CDB) expected to issue the first such bonds, a local newspaper reported on Thursday, citing Taiwan's top financial regulator William Tseng.
CDB has received a quota to sell between 4 billion and 6 billion yuan in bonds, and the total amount for such bonds in Taiwan this year will exceed 10 billion yuan ($1.6 billion), the Commercial Times added, citing unidentified sources.
The move is the latest sign that Taiwan is aiming to become an offshore yuan center to tap the Chinese currency's globalization.

News are provided by InstaForex.

[IFX Gertrude]

Australian Dollar Ticks Up After China Trade Data



The Australian dollar inched higher against its major counterparts after a report showed that China's trade balance nearly doubled to reach $31.1 billion in September from $15.1 billion surplus in the previous month. Economists had expected a $24.8 billion surplus.
The Australian dollar was trading at 1.1362 against the New Zealand dollar and 1.4146 against the euro immediately following the report, up from previous lows of 1.1331 and 1.4216, respectively. The aussie also climbed to 93.11 against the yen and 0.9481 against the greenback from previous lows of 92.60 and 0.9431, respectively.

News are provided by InstaForex.