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U.S. Durable Goods Orders Drop 1% Amid Weak Aircraft Demand
While the Commerce Department released a report on Thursday showing a drop in new orders for U.S. manufactured durable goods in the month of January, orders unexpectedly rose when excluding transportation equipment. The report said durable goods orders fell by 1.0 percent in January after tumbling by a revised 5.3 percent in December.
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Australia Has A$10.1 Billion Current Account Deficit
Australia posted a seasonally adjusted current account deficit of A$10.139 billion in the fourth quarter of 2013, the Australian Bureau of Statistics said on Tuesday.
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Australia Has A$1.43 Billion Trade Surplus
Australia posted a merchandise trade surplus of A$1.433 billion in January, the Australian Bureau of Statistics said on Thursday - up 142 percent on the surplus from December. That blew away forecasts for a surplus of A$100 million following the upwardly revised surplus of A$591 million in the previous month (originally A$468 million). Exports climbed A$1.068 billion or 4.0 percent on month to A$29.759 billion.
AUDUSD M5 : 45 pips price movement by AUD - Trade Balance news event :
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New Zealand Q4 Manufacturing Activity Value +6.3% On Quarter
The value of manufacturing activity in New Zealand was up a seasonally adjusted 6.3 percent on quarter in the fourth quarter of 2013, Statistics New Zealand said on Monday.
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Australia Unemployment Rate Steady At 6.0%
Australia posted a seasonally adjusted unemployment rate of 6.0 percent in February, the Australian Bureau of Statistics said on Thursday - in line with expectations and unchanged from the January reading.
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U.S. Consumer Sentiment Unexpectedly Deteriorates In March
With expectations for future growth taking a hit, Thomson Reuters and the University of Michigan released a report on Friday showing an unexpected deterioration in U.S. consumer sentiment in the month of March.
With expectations for future growth taking a hit, Thomson Reuters and the University of Michigan released a report on Friday showing an unexpected deterioration in U.S. consumer sentiment in the month of March.
The report showed that the preliminary reading on the consumer sentiment index for March came in at 79.9 compared to the final February reading of 81.6. Economists had expected the index to inch up to a reading of 81.8.
The unexpected decrease by the headline index came as the gauge of consumer expectations fell to 69.4 in March from 72.7 in February.
At the same time, the report showed that the barometer of current economic conditions climbed to 96.1 in March from 95.4 in the previous month.
Amna Asaf, an economist at Capital Economics, said most of the drop on consumer sentiment can be attributed to the unseasonably bad weather.
"Overall, since weather effects tend to be short-lived, confidence will probably rebound in the coming months," Asaf said.
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Japan Has Y800.3 Billion Trade Deficit
Japan saw a merchandise trade deficit of 800.309 billion yen in February, the Ministry of Finance said on Wednesday.
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Fitch Affirms United States At 'AAA'
Fitch Ratings on Friday maintained the 'AAA' ratings of United States of America and also left unchanged the 'stable' outlook on ratings.
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U.S. Durable Goods Orders Rise More Than Expected In February
With orders for transportation equipment showing a substantial rebound, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods rose by more than expected in February.
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New Zealand Feb Trade Surplus NZ$818 Million
New Zealand saw a seasonally adjusted merchandise trade balance of NZ$818 million in February, Statistics New Zealand said on Thursday.
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