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Australian Dollar Falls To 3-month Low Against Euro




The Australian dollar slipped against the euro in early Asian deals on Wednesday.
The aussie hit 1.4901 against the euro, a level last seen on August 29. The next possible support for the aussie is seen around the 1.50 level. The pair was worth 1.4863 at yesterday's close.


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Seoul Shares on Track for a Fourth Straight Winning Session




The Korea Composite Stock Price Index (KOSPI) gained 0.7 percent to 2,042.60 points as of 0200 GMT after touching an intraday high of 2,046.27, its highest since , fuelled by a strong U.S. consumer confidence survey that boded well for South Korean exporters' sales to their second largest market.

"In the past 10 years KOSPI had mirrored the U.S. year-end consumption season to rise 4 percent on average, and with consumer confidence picking up, the outlook seemd quite rosy for this year as well," said Chung Seung-jae, an analyst at Mirae Asset Securities.

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South Korea Industrial Production Rebounds In October




Industrial production in South Korea rebounded in October, the latest figures from Statistics Korea revealed Friday.
After adjusting to seasonal variations, industrial production expanded 1.8 percent month-on-month in October, partly recovering from a 2.3 percent slump in September. Manufacturing output grew 2 percent after a 2.5 percent decline a month earlier.
On an unadjusted basis, industrial output rose 3 percent month-on-month following a 3.9 percent drop in September. Manufacturing was also up 3 percent from a month earlier in unadjusted terms.
On an annual basis, manufacturing production grew 3 percent after a 4 percent contraction in September.


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Canadian Dollar Falls To 4-day Low Against Yen



The Canadian dollar drifted lower against the Japanese yen in early Asian deals on Monday.
The loonie touched a 4-day low of 96.29 against the yen, down from last week's closing quote of 96.42. The loonie is likely to face support at the 95.00 area.

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Australian Dollar Edges Up Against Canadian Dollar




The Australian dollar ticked up against the Canadian dollar in early Asian deals on Thursday.
The aussie rose to 0.9653 against the loonie, bouncing off from an early low of 0.9624. The next possible upside target for the aussie-loonie pair lies around the 0.975 mark.


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NZ Dollar Off 2-day High Against US Dollar




The New Zealand dollar that advanced to a 2-day high of 0.8234 against the US dollar at the beginning of Friday's Asian session erased some of its gains subsequently.
Near-term downside target for the kiwi-greenback pair is seen around the 0.8170 level, its horizontal channel trend-line area and the likelihood of a bullish resumption could help breaking the 0.8260 resistance.

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NZ Dollar Trades Higher Against Majors




The New Zealand dollar firmed against its major rivals in Asian deals on Monday.
The kiwi reached a 5-day high of 1.6473 against the euro and near a 3-week high of 0.8322 against the greenback.
The kiwi approached 1.0963 against the aussie for the first time since November 2008. Against the yen, the kiwi advanced to near an 8-month high of 85.75.
The next possible upside target for the kiwi is seen around 0.84 against the greenback, 87.00 against the yen, 1.08 against the aussie and 1.635 against the euro.

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Philippine Export Growth Accelerates In October




Philippine export growth quickened in October, data released by the National Statistics Office revealed Monday.
Exports grew 14 percent year-on-year in October following a 5.1 percent gain in September. Economists had forecast an 8.3 percent increase.
However, shipments fell 0.6 percent month-on-month. This followed a solid 10.4 percent growth in September.
Exports of electronic products, accounting for 42.9 percent of the total exports revenue in October, grew 13.4 percent from a year earlier. On a monthly basis, electronic shipments rose 0.4 percent.


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Canadian Dollar Hits 2-day High Against Euro




The Canadian dollar climbed against the European currency in early Asian deals on Wednesday.
The loonie hit a 2-day high of 1.4583 against the euro, after having reached lowest level of 1.4646 in near 5 years on Tuesday. The next possible upside target for the loonie lies around the 1.44 zone.


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Australia Inflationary Expectations Rise Slightly



Inflation expectations among Australian consumers increased slightly in December, a monthly survey by the Melbourne Institute revealed Thursday.
The expected inflation rate rose to 2.1 percent in December from 1.9 percent in November. It is now just above the lower bound of the Reserve Bank of Australia's (RBA) target band of 2-3 percent.
The survey also included quarterly information on past and future pay growth. Actual pay growth over the 12 months to December rose to 3.3 percent from 2.1 percent in the 12 months to September.
Expected pay growth in the coming 12 months rose to 3.2 percent from 2.7 percent in September.

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