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[QUOTE="limyeeshin, post: 89448, member: 35099"] [B][U][COLOR="Blue"][CENTER][SIZE="4"]Thursday September 10, 2015[/SIZE][/CENTER][/COLOR][/U][/B] [B][U]Aussie down despite solid employment[/U][/B] The Australian dollar fell on Thursday in Asia early trading despite improved jobs figures as investors weighed more to Chinese slowed data. The Australian unemployment rate went down to 6.2% with 11,500 jobs added but Chinese producer prices fell 5.9%, worse than expected drop of 5.5% and the consumer prices rose slightly by 0.5% near the expectation. AUD traded with its U.S. counterpart at 0.6975, down 0.61%. [B][U][COLOR="red"]Kiwi weakened sharply with rate cut[/COLOR][/U][/B] The New Zealand dollar went down sharply in Asia today after the Reserve Bank of New Zealand lowered its overnight cash rate down to 2.75% from 3.00% as expected. Kiwi traded with the greenback at 0.6260%, sharp decrease by 2.11%. [B][U][COLOR="red"]Yen fell with stock market increase[/COLOR][/U][/B] Japanese yen went lower with reinforced global risky asset preferences. In Asia, Japanese market index was largely increased by +7.71%, alsoEurope and U.S. markets increased in the morning session, brought bearish to yen. More, the Chinese active monetary policy showed pump-priming volition with amicable gestures to emerging markets, further weakened yen. The U.S. market turned down in the afternoon session however, with sharp oil price drop after EIA reported short term outlook, shortened weakening of the yen. [B][U][COLOR="red"]Euro turned bullish after oil price drop[/COLOR][/U][/B] The euro was bearish in early trading in response tovariation in carry trades with the expectation toward emerging markets improvement. In the afternoon session, the oil price dropped sharply followed by the stock market drop switched the euro strengthening and the dollar shortened its bullish gap. [B][U][COLOR="red"]Bank of Canada kept the rates unchanged[/COLOR][/U][/B] The Canadian dollar went higher after Bank of Canada decided to hold its overnight cash rate at 0.5% as expected. The BoC had already cut the rates twice in this year due to low oil prices that impacted its economy slowdown. The bank said movements in Canadian dollar were helping to absorb lower commodity prices impacts. It also added, while the outlook for export is still unclear, the latest data shows that rate-sensitive exports are regaining its momentum. CAD/USD gained 0.33%, it was also higher against the euro, with EUR/CAD traded at 1.4695, slid 0.69%. [B][U][COLOR="Red"]Market movements[/COLOR][/U][/B] Overall, the U.S. dollar slid 0.01%, euro gained 0.04%, the yen fell 0.59% and the pound fell 0.17%. Emerging currencies were generally low, South African rand fell 0.55%, Russian ruble fell 0.83%, Indian rupeewent down 0.45%, Turkish lira lowered 0.95%, Chinese yuan fell 0.17%, AUD and NZD fell further this morning after the rate cut. [/QUOTE]
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