AUD/CAD: Loonie Dips as BOC Signals Longer Rate Pause

The Canadian dollar is deemed to lose further ground opposite the Australian dollar today as the Bank of Canada lowered its economic estimates and said it will likely keep interest rates unchanged longer than previously anticipated. Meanwhile, the Aussie is believed to receive a lift from a buoyant update from China’s manufacturing sector, bolstering prospects further for the Chinese, as well as the Australian economy.

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AUD/JPY: Aussie Rises on Chinese Data; Yen Falls as Economy Contracts in Q3

In the previous Asian trading exchanges, the Australian dollar advanced versus the Japanese yen on returning risk appetite amidst signs that the Chinese economy is improving. Meanwhile, the

Oil News

China is looking to increase commodity inventories as prices are at their lowest level in seven years Crude Oil trading above $58 a barrel on China’s purchase China is looking

China Economic Scan Weekly Economic Review

In the past week the major economic developments in China included comments on monetary policy by the PBOC, stats showing the CLSA PMI rising above 50 in April,

Weekly Economic Analysis by Lloyds TSB

The world economy is currently experiencing its steepest downturn since the 1940s, with global trade expected to contract by 10% this year, see chart a. Global economic output

Gold News

Gold gained for a fourth day in Asia, poised for its longest winning streak since December, on speculation that China may purchase more of the precious metal after

Gold Investments Market Update

Gold and silver succumbed to profit taking (gold down 3.2% and silver down 2.5%) last week as risk appetite returned to markets with the tentative recovery in equity

Gold Investments Market Update

Gold and silver rose ($939.80 up $4.40 - Silver $13.65 up 18 cents) yesterday on deepening concerns about the dollar and fears that its reserve currency status is