FOREX-Yen eases, Aussie jumps as China data cheers


02/04/2012 23:04 AST  Reuters

The safe-haven yen eased on Monday, while the Australian dollar jumped after surprisingly strong Chinese factory activity data eased fears about a hard landing in the world's second biggest economy.

The Australian dollar rose 0.5 percent to $1.0400 having peaked at $1.0470 after a report on Sunday showed activity at big Chinese factories hit an 11-month high in March.

"This is now three months of trend improvement, and is good news for the AUD and commodity currencies in general," said Annette Beacher, head of Asia Pacific research at TDSecurities.

Against the yen, the Aussie climbed to 86.44, pulling well away from last week's trough around 84.60.

For more on this Click Here

Forex News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP
Most Viewed Companies
Ticker Price Volume
EMAAR 11.3 51,121,518
RIBL 22.89 1,665,978
SPIMACO 51.32 2,408,355
SAGRINSURANCE 46.27 2,694,737
MESC 17.64 1,131,066
SECO 17.87 8,356,044
ALKHODARI 66 2,507,257
Recent News

Saudi stock market regulator fines 7companies for disclosure violation
Saudi Arabia’s stock market regulator has levied heavy fines on seven companies for a range of disclosure failings.

They include late earnings disclosure, misleading information on vital b

Weak values at ADX
iscussing ADX, the analyst said trade was marred by weak values. “The index moves according to the changes in the real estate sector, which barely moved today (Tuesday). Stocks like Aldar and Etisa

Telephone tariffs in Saudi Arabia one of the highest in the world
Call charges in Saudi Arabia account for as much as 30 per cent of an average person's monthly income, thus making it one of the highest tariffs in the world, according to the Majlis Al Shura.

CBD, Visa launch new product in UAE
The Commercial Bank of Dubai (CBD) and Visa, the leading global payments technology company, have announced the launch of the Visa Signature credit card in the UAE.

The new premium card f

Barwa Bank makes 2 new executive appointments
Barwa Bank has appointed Abdulla Majed al-Malki as group chief administrative officer and Abdulaziz Sultan al-Kuwari as head of Qatarisation.

Prior to joining Barwa Bank, al-Malki served a

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?