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Day: October 13, 2017
October 132017
NZ Dollar Gains as Manufacturing Sector Continues to Grow
The New Zealand dollar rose today despite the report that showed slower growth of New Zealand’s manufacturing sector. The seasonally adjusted BusinessNZ Performance of Manufacturing Index slipped from 57.9 to 57.5 in September. Yet the report did not consider the small drop as a problem, noting that manufacturing “continued to display very healthy levels of expansion” and “the sector has remained in expansion in all months since October 2012.” That and also the relatively […]
Read more
October 132017
NZ Dollar Gains as Manufacturing Sector Continues to Grow
The New Zealand dollar rose today despite the report that showed slower growth of New Zealand’s manufacturing sector. The seasonally adjusted BusinessNZ Performance of Manufacturing Index slipped from 57.9 to 57.5 in September. Yet the report did not consider the small drop as a problem, noting that manufacturing “continued to display very healthy levels of expansion” and “the sector has remained in expansion in all months since October 2012.” That and also the relatively […]
Read more
October 132017
Australian Dollar Gains as China’s Trade Balance Surplus Shrinks
The Australian dollar rose today even though the trade balance report in China, Australia’s trading partner, did not look good at first glance. But in fact, the data painted a picture of a strong economy of the Asian nation, which is a good sign for the Australian economy. China’s trade balance surplus fell sharply to $28.47 billion in September from $40.94 billion a year ago. The reading was below the consensus forecast of $39.5 billion […]
Read more
October 132017
Australian Dollar Gains as China’s Trade Balance Surplus Shrinks
The Australian dollar rose today even though the trade balance report in China, Australia’s trading partner, did not look good at first glance. But in fact, the data painted a picture of a strong economy of the Asian nation, which is a good sign for the Australian economy. China’s trade balance surplus fell sharply to $28.47 billion in September from $40.94 billion a year ago. The reading was below the consensus forecast of $39.5 billion […]
Read more