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Investing.com - The yen was stronger after a lower than expected unemployment figure and investors looked ahead to the Reserve Bank of Australia unveiling its latest views on interest rates with a majority of analysts expecting stable at a record low 2.0%. USD/JPY changed hands at 112.39, down 0.24%, while AUD/USD was quoted at 0.7123, down 0.27%. In Japan, household spending data for January fell 3.1%, more than the expected drop of 2.7% year-on-year. As well, the unemployment rate for January fell to 3.1%, better than the steady 3.3% seen and fourth quarter capital spending rose 8.5%, less than the 8.8% gain expected. Later, the manufacturing PMI is due and seen at 50.2 for February, unchanged from the previous month. In Australia, the AIG manufacturing index for February came in at 53.5, up from 51.5 previously. Also, building approvals for January dropped 7.5%, well below the expected a 2.0% fall month-on-month. And the current account Australia Current Account Latest Release: Mar 01, 2016 Actual: -21.1B Forecast: -20.0B Previous: -18.8B deficit came in at A$21.1 billion, wider than the $20 billion seen for the fourth quarter, while data on private house approvals showed a drop of 6.0%. In China, the semi-official manufacturing PMI for February is due with a figure of 49.3 expected as well as the non-manufacturing PMI last reported at 53.5. Also up in the Caixin PMI seen at 48.3 from 48.4 in the previous month. Earlier, in New Zealand, the fourth quarter terms of trade index fell 2.0% quarter-on-quarter, compared to a drop of 3.7% previously.
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