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Australia Building Approvals Up 6.4%



Building approvals in Australia increased 6.4 percent month-on-month in August, data from the Australian Bureau of Statistics showed Thursday.

The number of approvals totaled 12,046 during the month on a seasonally adjusted basis. The number of private sector houses approved, meanwhile, declined 0.5 percent month-on-month to 7,314.

Year-on-year, total building consents plunged 15.4 percent on a seasonally adjusted basis, the bureau said.

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Yen Trades Lower Against Majors



The Japanese yen weakened against other major currencies in the early Asian session on Friday.

The yen declined to a 3-day low of 80.59 against the aussie, 2-week lows of 127.24 against the pound and 80.13 against the loonie.

Against the franc and the euro, the yen hit more than 2-week lows of 84.47 and 102.30, respectively.

The Japanese currency fell to 78.58 against the greenback, compared to yesterday's close of 78.49.

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U.S. Dollar Advances Against Franc And Euro



The U.S. dollar edged up against the Swiss franc and the euro in the Asian session on Monday.

The greenback ticked up to 0.9324 against the franc and the greenback may test upside target level at 0.935.

At 10:20 pm ET, the greenback gained to 1.3003 per euro with 1.295 seen as the next upside target level.


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Japan Has Y454.7 Billion Current Account Surplus




Japan posted a current account surplus of 454.7 billion yen in August, the Ministry of Finance said on Tuesday, up 4.2 percent on year.

The headline figure beat forecasts for a surplus of 421.1 billion yen (down 3.7 percent) but declined from the surplus of 625.4 billion (-40.6 percent) yen in July.

The trade balance reflected a deficit of 644.5 billion yen, down 6.6 percent on year. That missed forecasts for a shortfall of 628.6 billion yen after showing a 373.6 billion yen deficit in the previous month.

Exports were down 5.3 percent on year to 4.844 trillion yen in August. That follows the 7.4 percent fall in July, which came in at 5.118 trillion yen.

Imports dipped 5.4 percent on year to 5.488 trillion yen in the previous month, after posting an annual increase of 1.9 percent in July to 5.491 trillion yen.

Goods and services saw a deficit of 867.0 billion yen in August after showing a shortfall of 719.7 billion yen a month earlier.

The financial account saw a deficit of 1.090 trillion yen, while the capital account posted a shortfall of 56.7 billion yen.

The adjusted current account showed a surplus of 722.3 billion yen, beating forecasts for a surplus of 520.0 billion yen after coming in at 335.4 billion yen a month earlier.

Upon the release of the data, the Japanese yen showed little changes against major rivals, trading near 101.58 against the euro, 78.32 versus the U.S. dollar, 125.53 against the British pound and 83.95 versus the Swiss franc.


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Australian Dollar Jumps To 8-day High Against NZ Dollar




The Australian dollar advanced to an 8-day high of 1.2521 against the New Zealand dollar on Wednesday morning in Asia, up 0.35 percent from Tuesday's North American session closing value of 1.2482.
The aussie staged a rebound from its key support zone of 1.2370/1.24 versus the NZ dollar last week and is heading towards revisiting the 1.2550 resistance level in the near-term.
However, any bearish triggers could help the pair erase its recent recovery and hence the eventuality of re-testing the major demand zone of 1.2320/50 likely.

U.S. Dollar Rises Against European Majors




The U.S. dollar advanced against its European major counterparts during Asian morning deals on Thursday.

The buck that closed yesterday's deals at 0.9395 against the franc and 1.6008 against the pound rose to as high as 0.9421 and 1.5987, respectively.

Against the European single currency, the greenback hit a 10-day high of 1.2827 and the dollar is likely to find next upside target level at 1.27.

Dollar At 4-day Low Against Pound




The U.S. dollar slipped against the pound during the early Asian session on Friday.

The greenback that closed yesterday's deals at 1.6047 against the British unit slipped to 1.6057, its lowest level since October 8. On the downside, the greenback is likely to target 1.61 level.

Euro Edges Down Against Australian Dollar




The euro that pared early Asian session's gains against the Australian dollar declined further ahead of the European session on Monday.

The euro slipped to 1.2621 against the aussie and the next downside target level for the euro-aussie pair is seen at 1.26.

The pair ended Friday's deals at 1.2660

Yen Falls Against U.S. Dollar




The Japanese yen edged down against the American currency in early Asian deals on Tuesday.

At about 9:20 pm ET, the yen slipped to 78.87 per dollar with 79.00 seen as the next downside target level. On Monday, the pair ended deals at 78.65.

Malaysian Ringgit Jumps To 12-day High Against US Dollar



Extending its 6-day winning streak, the Malaysian ringgit touched a 12-day high of 3.0420 against the US dollar on Wednesday morning in Asia, up 0.30 percent from Tuesday's North American session closing value of 3.0516.

The ringgit is poised to extend gains against the dollar and is moving closer to a key demand zone of 3.0335/80 level.

If the domestic unit extends gains above this demand zone, it could be its strongest level since April this year.

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