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South Korea November Current Account Surplus $5.06 Billion

South Korea posted a current account surplus of $5.06 billion in November, the Bank of Korea said on Tuesday – down from the $9.19 billion surplus in October. The goods account surplus stood at $7.97 billion, down from $11.46 billion in November 2017. The services account deficit was $2.29 billion, less than the $3.27 billion…

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South Korea Has $5.06 Billion Current Account Surplus

South Korea has a current account surplus of $5.06 billion in November, the Bank of Korea said on Tuesday – down from the $9.19 billion surplus in October. The goods account surplus stood at $7.97 billion, down from $11.46 billion in November 2017. The services account deficit was $2.29 billion, less than the $3.27 billion…

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Australia Trade Data Due On Tuesday

Australia will on Tuesday release November trade data, setting the pace for a modest day in Asia-Pacific economic activity. The trade balance is expected to show a surplus of A$2.175 billion, down from A$2.316 billion in October. Australia also will see December numbers for job advertisements; in November, job ads were down 0.3 percent on…

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Oil Futures Pare Some Gains, But Extends Winning Streak

Crude oil futures settled higher on Monday, extending gains to a sixth successive session on reports Saudi Arabia is set to significantly reduce crude exports by the end of this month. According to reports, Saudi Arabia is likely to cut crude exports by 800,000 barrels per day from November levels, to 7.1 million barrels a…

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Treasuries Come Under Pressure After Seeing Initial Strength

After failing to sustain an initial move to the upside, treasuries came under pressure over the course of the trading session on Monday. Bond prices pulled back well off their early highs and firmly into negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.3 basis…

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Dollar Mixed As Investors Turn Cautious

The dollar is turning in a mixed performance against its major rivals Monday afternoon. The buck is down against its major European rivals, but has turned positive against the Japanese Yen. On a light day for U.S. economic data, trader are keeping a close eye on the high-level trade talks between the U.S. and China…

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U.S. Employment Spikes Much More Than Expected In December

Employment in the U.S. spiked by much more than anticipated in the month of December, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment soared by 312,000 jobs in December after climbing by an upwardly revised 176,000 jobs in November. Economists had expected employment…

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Loonie Advances Vs Most Majors Following Canada Jobs Data

At 8:30 am ET Friday, Canada jobs data for December has been released. After the data, the loonie traded mixed against its major rivals. While the loonie fell against the greenback, it rose against the rest of major rivals. The loonie was worth 1.5326 against the euro, 0.9474 against the aussie, 80.37 against the yen…