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
STC 74.94 224,478
RIBL 21.6 469,326
EMAAR 11.6 60,373,531
SPIMACO 52.36 328,340
MESC 20.32 1,643,459
ACIG 28.83 1,090,837
HOKAIR 123 244,145
Recent News

GCC producers set sights on nutrition-packed fertilizers
Fertilizers that can combat nutrition deficiencies will be a major opportunity for GCC producers, according to industry experts at the 5th annual Fertilizer Convention, organized by the Gulf Petroche

Aramco sets ambitious goals for research center in Houston
Innovation and cutting-edge technologies are key strategic enablers to devise solutions that will help us to meet rising energy demand in the future and to turn the industry’s challenges into opportu

Mobily, SCSB launch Firnas to inspire Saudi innovators
The Saudi Credit and Savings Bank (SCSB) and Etihad Etisalat (Mobily) signed a strategic partnership agreement to launch “Firnas” platform for innovation, which provides the necessary support and enc

Al Zorah to highlight luxurious ‘Golf Villas’
Al Zorah, a naturally unique and organically connected lifestyle development by Al Zorah Development Company, will highlight its highly exclusive collection of design-oriented ‘Golf Villas’ at Citys

Saudi firms need strong Wi-Fi foundation
Smartphones and tablets have become an integral part of our lives. With smartphone penetration exceeding 60 percent, Saudi Arabia ranks high in global reports of smart device usage. According to a re

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?