On Monday, the US dollar index plunged from 96.40 to 95.70.
Australia's trade surplus rebounds steeply
In May, Australia's trade surplus rebounded steeply because coal shipments revived faster than expected from a series of cyclone-induced disruptions, thus putting exports back on track to contribute to economic surge in the quarter.
Along with recent positive reports on consumer as well as business spending, economic surge currently looks likely to have recovered from the March quarter's quite dismal 0.3% pace.
Thursday's report from the Australian Bureau of Statistics revealed that in May the trade surplus tacked on to A$2.47 billion, adding from April’s downwardly revised A$90 million and also twice surpassing market forecasts of about A$1.1 billion.
Exports of coal alone went up 62% to a cool A$5 billion because mines rushed to proceed with shipments after Cyclone Debbie destroyed rail tracks in Queensland, which appears to be one of the world's leading coal-exporting regions.
Total exports inched up 8.5% to more than revive April's dip, while imports gained 0.7%.
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
5 important things you need to know about this week!
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…