Australian Economic outlook august 2011

Indonesia stock info - Australian Economic outlook august 2011 : The Australian dollar rose as much as 1 percent to $1.1062 after the Bureau of Statistics said consumer prices rose 0.9 percent in the second quarter from the previous three months. The median estimate of 25 economists surveyed by Bloomberg News was for a 0.7 percent increase. New Zealand's dollar rose 0.2 percent to 87.23 U.S. cents, earlier reaching a record 87.64, after the nation's business confidence improved.

The won strengthened 0.1 percent to 1,050.55 per dollar after data today showed South Korea's economy expanded 0.8 percent in the second quarter, matching the median estimate of economists surveyed by Bloomberg. The currency earlier reached 1,048.30, the strongest level in almost three years.

Gold for immediate-delivery traded at $1,623.25 an ounce, extending a three-day, 1.8 percent jump. Bullion touched a record high of $1,625.07 on July 25.

Oil futures slipped as much as 0.5 percent to $99.05 a barrel in New York today after the industry-funded American Petroleum Institute said inventories climbed 3.96 million barrels to 358.2 million last week. An Energy Department report today may show supplies slipped 2 million barrels, according to a Bloomberg News survey of analysts. That would be the eighth weekly decline.

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