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Thread: Forex news from InstaForex

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    Malaysian Ringgit At 8-day Low Against U.S. Dollar


    The Malaysian Ringgit lost ground against the U.S. dollar in Asian deals on Tuesday.
    The ringgit slipped to 3.1850 against the greenback, a level unseen since October 14. The next downside target for the ringgit is seen around the 3.2 zone. At Monday's close, the pair was worth 3.1685.

    News are provided by InstaForex.

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    Australian Dollar Declines Against Most Majors


    Reversing direction, the Australian dollar fell against most major currencies in Asia on Wednesday.
    The aussie slipped to a 6-day low of 94.07 against the yen and an 8-day low of 1.4267 against the euro, down from an early high of 95.66 and more than 3-month high of 1.4126, respectively.
    The aussie was worth 0.9667 against the greenback and 0.9954 against the loonie around 12:25 am ET, retreating from early multi-month highs of 0.9757 and 1.0035, respectively.

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    China Manufacturing PMI 50.9 In October - HSBC


    An index measuring manufacturing activity in China came in with a score of 50.9 in October, the latest survey from HSBC and Markit Economics revealed on Thursday.
    That topped forecasts for a score of 50.4 and was up from the 50.2 reading in September.
    The survey said that new orders were at a seven-month high.
    A score above 50 indicates expansion in a sector, while a score below 50 signals contraction.

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    South Korea GDP +1.1% On Quarter In Q3

    South Korea's gross domestic product added a seasonally adjusted 1.1 percent in the third quarter of 2013 compared to the previous three months, the Bank of Korea said in Friday's advance estimate.
    That beat forecasts for an increase of 0.5 percent and was unchanged from the rate of increase in the second quarter.
    On a yearly basis, GDP jumped 3.3 percent - also topping forecasts for an increase of 2.8 percent and up from 2.3 percent in the previous three months.
    Real gross domestic income was up 0.4 percent on quarter and 4.2 percent on year.

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    Aud underpinned by Strong Stocks

    The Aussie inched up to $0.9600, from a trough of $0.9572 on Friday, underpinned by a 1 percent increase in stock markets in Japan and Australia.
    But it was still a fair way off a five-month peak of $0.9758 set last week on expectations the U.S. Federal Reserve will extend its cheap money policies into next year.

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    NZ Dollar Falls Against Most Majors

    The New Zealand dollar slipped against most major rivals in Asian trading on Tuesday.
    The kiwi declined to 80.51 against the yen, its lowest level in nearly 3 weeks. Against the euro, the kiwi fell to a 4-day low of 1.6683.
    On the downside, the kiwi may test support around 79.5 against the yen and 1.68 against the euro.
    The kiwi hit 0.8258 against the greenback, a level not seen since October 10. Further downtrend may lead the kiwi to face support around the 0.815 area.

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    Federal Reserve industrial production report for September 15.9 SET will continue to increase the level was 6.0 in September, but do not expect any significant change at the 4.0 level will remain at the level of 7.0 to 3.0 is expected to come...

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    Australian Dollar Falls Against Canadian Dollar

    The Australian dollar weakened against the Canadian dollar in early Asian deals on Wednesday.
    The aussie slipped to 0.9901 against the loonie, not far from Tuesday's lowest level of 0.9897 in 11 days. The next probable support for the aussie-loonie pair is seen around the 0.98 level. The pair finished yesterday's deals at 0.9924.

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    U.S. Dollar Rises Against European Majors

    The U.S. dollar edged up against European major counterparts in Asian deals on Thursday.
    The greenback reached as high as 0.9014 against the franc, 1.3709 against the euro and 1.6013 against the pound around 11:40 pm ET.
    The next probable resistance for the greenback is seen around 0.91 against the franc, 1.365 against the euro and 1.595 against the pound.

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    Krw Decline capped by Demand from Exporters -Dealers

    KRW was quoted at 1,062.0 against the dollar as of 0205 GMT, compared with Friday's domestic closing level of 1,060.7.
    Exporters continue to sell dollars to convert their contract payments into the local currency, offering firm support for the won. Investors are also reluctant to place aggressive bets before the release of the U.S. October employment report and third-quarter gross domestic product data later this week.

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