Monday, September 3, 2012

RTTNews Forex Market Update -September 3rd, 2012-

Economic News
Australia's TD Securities - Melbourne Institute monthly inflation gauge rose 0.6 percent in August, the largest monthly increase since March 2011, following an increase of 0.2 percent in June, the survey showed. (Sep 3, 2012) Full Article 
Indonesia's inflation rose slightly to 4.58 percent in August from 4.56 in July, Statistics Indonesia said Monday. Economists had forecast the rate to slow to 4.42 percent. (Sep 3, 2012) Full Article 
The British government will introduce a bill in Parliament in the next few weeks to speed up planning decisions and financing of private sector building projects to jump start the recession-hit economy, Chancellor George Osborne said in an interview to the BBC television. (Sep 3, 2012) Full Article 
The Swiss National Bank will continue to enforce the minimum exchange rate with the utmost determination, central bank chief Thomas Jordan said Monday. (Sep 3, 2012) Full Article 
India's exports declined 14.8 percent annually in July, the latest figures from the Ministry of Commerce and Industry showed Monday. (Sep 3, 2012) Full Article 
The U.K. manufacturing sector rebounded in August from a month ago at a faster-than-expected pace to a near-neutral level due to a lesser degree of decline in production, a closely watched survey showed Monday. (Sep 3, 2012) Full Article
Forex Top Story
Inflation in South Korea eased to its weakest level in 12 years in August, boosting expectations that the central bank may ease policy further to support economic growth. (Sep 3, 2012) Full Article
Japan's companies stepped up their investment in plant and machinery during the April-June period for a third straight quarter, but at a slower pace than forecast by economists. (Sep 3, 2012) Full Article
China's non-manufacturing sector growth accelerated in August, data from the China Federation of Logistics and Purchasing (CFLP) showed Monday. (Sep 3, 2012) Full Article
India's manufacturing sector expanded at the slowest pace so far this year in August due to weak external demand and output disruptions caused by power outages, data from a survey showed Monday. (Sep 3, 2012) Full Article 
Australia's retail sales declined unexpectedly in July and at the fastest pace in almost two years as consumers trimmed their spending. (Sep 3, 2012) Full Article
Political News
Foreign Ministers of the six-nation Gulf Cooperation Council (GCC) have stressed the need for finding a quick solution to end the bloodbath in Syria. (Sep 3, 2012) Full Article
The Japanese government has reached a general agreement to purchase the disputed Senkaku Islands in the East China Sea from their owner for about $26 million. (Sep 3, 2012) Full Article
The United States has pledged to assist the Iraqi government for holding its next provincial and national elections scheduled for 2013 and 2014 respectively. (Sep 3, 2012) Full Article 
Angola's ruling MPLA party headed by President Jose Eduardo dos Santos appears to have successfully retained its hold on power in the south-western African nation by securing an unbeatable lead in last week's national elections, according to partial results declared on Sunday. (Sep 3, 2012) Full Article 
New Zealand formally announced on Monday that it intended to withdraw its troops from Afghanistan by the end of April 2013, confirming earlier comments made in this regard by Prime Minister John Key. (Sep 3, 2012) Full Article 
Currency Alerts
The Australian dollar declined against other major currencies in the early Asian session on Monday after the release of country's disappointing retail sales data in July. (Sep 3, 2012) Full Article
In the early European on Monday, the pound spiked up against other major currencies after a report showed that the country's manufacturing PMI rose more than expected in August. (Sep 3, 2012) Full Article 
General News
Israeli police and security forces evicted hundreds of Jewish settlers from an illegal settlement outpost east of the West Bank city of Ramallah on Sunday, two days ahead of a standing Supreme Court order to do so. (Sep 3, 2012) Full Article
Police in Honduras have found the mutilated bodies of four teenage girls and a young man dumped in rubbish bags in the port city of La Ceiba, media reports citing officials said on Sunday. (Sep 3, 2012) Full Article 
At least nine Turkish security personnel have been killed in clashes with members of the outlawed Kurdistan Workers' Party (PKK) in the country's south-eastern province of Sirnak, media reports citing officials said on Monday. (Sep 3, 2012) Full Article
Fatma Nabil read the 12:00 noon news bulletin on Sunday wearing a dark suit with headscarf, marking the end of decades-long ban on veiled female news presenters from going on air in Egyptian state television. (Sep 3, 2012) Full Article 
Human Rights Watch (HRW) has called on the Indian government to accept the recommendations by United Nations member-states at the U.N.'s Universal Periodic Review (UPR) to address the country's most serious human rights problems. (Sep 3, 2012) Full Article 

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