Oct. 13 (Bloomberg) -- China, the world’s biggest exporter, posted a $16.9 billion trade surplus for September, capping the largest quarterly excess since the financial crisis in 2008 as pressure mounts for a stronger yuan. Exports rose 25.1 percent from a year earlier and imports climbed 24.1 percent, the customs bureau said on its website today. The surplus compares with the $17.8 billion median estimate of 24 economists surveyed by Bloomberg News. In August, the excess was $20 billion.
OIL: Crude surpasses $82 on hopes for stimulus
SINGAPORE, Oct 13 (Reuters) - Oil rose past $82 on Wednesday as expectations of economic stimulus by the United States combined with a surprise jump in Japanese machinery orders, raising hopes of a balanced market as OPEC maintains production levels. Oil ministers arriving in Vienna for OPEC's meeting on Thursday, the first in seven months, signalled the producer group would keep output targets steady. Saudi Arabia's Ali al-Naimi this week said the oil market was "well balanced".
PRECIOUS-Gold eases below $1,345/oz as dollar recovers
LONDON, Oct 12 (Reuters) - Gold eased in Europe on Tuesday as the dollar rebounded on the back of uncertainty over the extent of quantitative easing expected from U.S. authorities, denting interest in the metal as a haven from weak currencies.
"There is some dollar strength, (with) strong support for the dollar at $1.40 against the euro," he said.
FOREX-Dollar up before FOMC minutes; some wary on QE size
LONDON, Oct 12 (Reuters) - The dollar rose against the euro and a basket of currencies on Tuesday on a short-covering bounce ahead of the release of the U.S. Federal Reserve's meeting minutes, but gave way versus the yen to hover near 15-year lows.
"The market is moving to pare back expectations of QE by the Fed," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi, adding other higher-yielding assets such as stocks and commodities were also seeing a correction.
Stocks, commodities fall ahead of FOMC minutes
LONDON, Oct 12 (Reuters) - World stocks and commodity prices fell on Tuesday before Federal Reserve minutes that should give clues on the timing and size of more U.S. stimulus, while the dollar hovered near a 15-year low against the yen.
"The market is moving to pare back expectations of QE by the Fed," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi.
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