{"id":44849,"date":"2013-12-02T07:53:01","date_gmt":"2013-12-02T12:53:01","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44849"},"modified":"2013-12-02T07:53:01","modified_gmt":"2013-12-02T12:53:01","slug":"kiwi-climbs-after-upbeat-chinese-pmi","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/02\/kiwi-climbs-after-upbeat-chinese-pmi\/","title":{"rendered":"Kiwi Climbs after Upbeat Chinese PMI"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>The New Zealand dollar rose for the second day against the greenback on Monday, driven by the upbeat manufacturing PMI from China. The kiwi rose 0.71% higher to $0.8190 against the US dollar as of 6:14am GMT, climbing for the second day from Friday\u2019s low of $0.8083, seen in September 12.<\/p>\n<p>In China, the government posted the country\u2019s Purchasing Managers\u2019 Index (PMI), which stood at 51.4. The reading remained unchanged from October\u2019s figures and exceeding analysts\u2019 forecasts of 51.1.<\/p>\n<p>The HSBC Purchasing Managers Index PMI for November came in at 50.8, slightly down from October\u2019s reading of 50.9, but higher than the bank\u2019s estimates of 50.4 last week. The index was above the 50-threshold which separates contraction from expansion.<span id=\"more-2978\"><\/span><\/p>\n<p>New Zealand\u2019s terms of trade rose 7.5% in the third quarter, biggest advance in 40 years, the statistics department confirmed.<\/p>\n<p>The Governor for Japan\u2019s central bank, Haruhiko Kuroda said he sees some stability in the currency exchange market, which is very important for the Japanese economy.<\/p>\n<p>Kuroda\u2019s statement came in just when the country\u2019s currency trades more than a half-year low against the US dollar, as the yen dropped to its lowest level since May 23 over the weekend.<\/p>\n<p>The Japanese yen edged 0.06% lower on Monday, to 102.44 yen against the US dollar at the time of writing.<\/p>\n<h2><span style=\"text-decoration: underline\">Australia<\/span><\/h2>\n<p>The Australian dollar rallied from its lowest level in three months. Demand for the Aussie may be resilient ahead of the Reserve Bank\u2019s meeting tomorrow, where analysts are expecting the bank to maintain its interest rates at 2.5%.<\/p>\n<p>The Aussie climbed 0.5% higher to $91.54 at the time of writing, after dropping to a low 90.56 on Nov 29, its lowest since September 4. The Australian dollar rose 0.5% to 93.78 yen.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><i>Visit<\/i><\/strong><b><i>\u00a0<\/i><\/b><b><i><a title=\"HY Markets\" href=\"http:\/\/www.hymarkets.com\/\" target=\"_blank\">www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b><strong><i>and start trading today with only $50 using the latest trading technology today.<\/i><\/strong><\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/aud\/kiwi-climbs-after-upbeat-chinese-pmi.html\">Kiwi Climbs after Upbeat Chinese PMI<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog The New Zealand dollar rose for the second day against the greenback on Monday, driven by the upbeat manufacturing PMI from China. The kiwi rose 0.71% higher to $0.8190 against the US dollar as of 6:14am GMT, climbing for the second day from Friday\u2019s low of $0.8083, seen in September &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/02\/kiwi-climbs-after-upbeat-chinese-pmi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kiwi Climbs after Upbeat Chinese PMI&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-44849","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=44849"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}