Dollar Snaps Four-Day Advance on Services Report; Won Tumbles

The dollar fell for the first time in five days, ending its longest rally in two months, after a report showed services unexpectedly declined in December.

The euro climbed from a one-month low against the dollar as industry data confirmed the region’s services output expanded for a fifth month before the European Central Bank discusses interest rates on Jan. 9. South Korea’s won tumbled on bets the central bank will cut borrowing costs. South Africa’s rand gained after Moody’s Investors Service said the country will retain its investment-grade credit rating.

The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, dropped 0.2 percent to 1,023.87 at 5 p.m. in New York after climbing to 1,029.67 on Jan. 2, the highest since Sept. 9. It completed a six-day rally on Nov. 1.

The dollar fell 0.3 percent to 1.3629 per euro after rising to $1.3572, the highest level since Dec. 5. The greenback slid 0.6 percent to 104.22 yen, while the Japanese currency advanced 0.3 percent to 142.04 per euro.

(Source: Bloomberg)

Aussie, Bond Yields Rise Before Trade, Retail Data This Week

Jalatama beritakan : Australia’s dollar advanced against all but one of its major peers before reports this week forecast to show the nation’s trade deficit narrowed and retail sales advanced for a fifth month.

Australian 10-year government bond yields were set for the highest close in a month following a rise in U.S. Treasury yields at the end of last week as the Federal Reserve prepared to pare asset purchases this month. Traders see 5 percent odds the Reserve Bank of Australia will reduce its benchmark lending rate from a record-low 2.5 percent at its next meeting in February, compared with an 18 percent chance a month earlier.

The Australian dollar added 0.4 percent to 89.81 U.S. cents as of 12:04 p.m. in Sydney from Jan. 3, and gained 0.4 percent to NZ$1.0857. Ten-year bond yields climbed five basis points, or 0.05 percentage point, to 4.40 percent, set for the highest close since Dec. 6.

New Zealand’s currency was little changed at 82.74 U.S. cents.

Australia’s trade deficit probably narrowed to A$300 million ($269.2 million) in November from A$529 million the previous month, according to the median estimate of economists surveyed by Bloomberg News before the Australian Bureau of Statistics data tomorrow. Retail sales advanced 0.4 percent in November, according to a separate Bloomberg poll before the report’s release on Jan. 9.

The Aussie gained for the first time in 11 weeks over the five days to Jan. 3, snapping the longest losing streak since 1982. It fell 14 percent against the greenback in 2013, the most among its Group of 10 peers after the yen.

(Source: Bloomberg)

Investor Awards - PT. Jalatama Artha Berjangka sebagai pialang teraktif yang memperdagangkan olein

 Investor Awards - PT. Jalatama Artha Berjangka sebagai pialang teraktif yang memperdagangkan olein

 

Wakil dari 10 Pialang Berjangka peraih penghargaan dari Majalah Investor berpose bersama CEO Beritasatu Media Holdings, Sachin Gopalan (duduk kiri), dan Pemred Majalah Investor, Primus Dorimulu (duduk kanan), 26 November 2013. (sumber: Majalah Investor/ Uthan A Rachim)