Just a bit of an update on the USD, its half past midday in Sydney, mid morning in Tokyo and earlier in Sing and HK
NZD has been continuing along it rise. Earlier Fonterra Cooperative Group told shareholders at its annual meeting that the farmer payout this season will be in total around $6.40 per kilogram of milk solids.
That's helped it along.
Elsewhere .... AUD was ticking on higher nicely, until the trade balance barf data ... as I said on the post:
- If you were following along with the responses to the Australian GDP (Q3) yesterday you'll know that many of the analysts expect Q4 GDP to bounce back quite strongly, one of the reasons is a rebound in exports, at higher prices (rallying commodity prices). Well ... October is the first month of Q4 and here we are with a big miss on trade balance. Not a good start.
GBP is higher (check out the info in the bottom half of this post for some good news on UK employment ... dunno if the higher GBP is related, but the news won't be doing any harm to it)
Update:
