The New Zealand dollar lost ground against its major rivals on Tuesday morning in Asia as a slide in Asian stocks reduced demand for higher-yielding currencies.
Most Asian stocks opened weak today following a negative lead from Wall Street, where stocks declined sharply overnight amid doubts about the sustainability of economic recovery.
As of 10:30 pm ET, New Zealand’s NZX-50 was down 0.24%, Japan’s Nikkei Stock Average fell 2.48%, South Korea’s Kospi Composite declined 0.85%, Taiwan’s weighted average dropped 1.42%, Australia’s All ordinaries index slumped 0.47% and China’s Shanghai composite was down 0.33%.
In economic news, the number of permits for overall new housing construction in New Zealand increased in July by 3.1 percent, according to data released today by Statistics NZ.
With the volatile apartment category excluded, however, permits declined a seasonally adjusted 5.3 percent, compared to a 1.1 percent increase seen in June 2010.
The New Zealand dollar dropped to a 4-day low of 59.24 against the Japanese yen around 10:15 pm ET, compared to 59.85 hit late New York Monday. The kiwi-yen pair is presently worth 59.27 with 58.70 seen as the next likely support level.
The yen continued its recent rally as investors consider it as safe-haven in times of stock market slide. Japan’s better-than expected retail sales and industrial production figures for July also pushed the yen higher.
Japan’s Ministry of Finance reported today that its preliminary read on Industrial Production showed an increase of 0.3 percent in July, the first increase in three months. Economists had expected a 0.2 percent drop.
For the full year to July, Industrial Production was up 14.8 percent, up from 14.3% forecast by most economists.
At the same time, retail Sales in Japan increased in July by 0.7 percent compared to June, according to government data released today.
The Ministry of Finance also reported that for the full year to July 2010, retail sales increased 3.9 percent. Most economists forecast an on-month increase of 0.5 percent and an on-year increase of 3.5 percent.
The New Zealand dollar fell to a 5-day low of 0.7016 against the US dollar and a 4-day low of 1.8027 against the euro around 8:25 pm ET and both the pairs moved in a holding pattern thereafter.
The kiwi that closed Monday’s North American deals at 0.7072 against the greenback and 1.7917 versus the euro is presently quoted at 0.7034 and 1.7998, respectively.
Against the Australian dollar, the NZ currency plunged to a 13-day low of 1.2729 around 10:00 pm ET and a move below the 1.2740 support could set its weakest point in 4 months. The aussie-kiwi pair that closed yesterday’s deals at 1.2619 is presently quoted at 1.2718.
The Australian Bureau of Statistics said retail sales increased 0.7% compared to June to A$20.4 billion, compared to a revised 0.4% increase in the previous month. Economists had forecast another 0.4% rise.
At the same time, Australia’s current account balance recorded a deficit of A$5.6 billion at the end of the June quarter, down from a A$16.5 billion deficit in the March quarter, official figures showed today.
Looking ahead, Japan’s housing starts for July and small business confidence for August are expected at 1:00 am ET.
Italian business confidence, CPI, German unemployment rate and euro-zone CPI-all for August, Italian retail sales for June and unemployment rate for July are expected to garner market attention in the upcoming European session.
Turning to the U.S., the S&P/Case-Shiller home price for June, Chicago PMI for August and the US consumer confidence for August are slated for release in the North American session.
At 2:00 pm ET, the US Federal Open Market committee will release its latest monetary policy meeting minutes.
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Sex toys seem to be everywhere you look these days, there are shops on the high street discreetly selling battery operated boyfriends and the amount of online retailers give a huge variety and competition when it comes to prices. The popularity of these products has increased due largely to the appearance in a certain American T.V. show and of course the books which just about every woman has read.
What is all the fuss about and what are the benefits of using toys?
The benefits of vibrators depend on whether you are single or not, there is an opinion that if you are in a relationship then you really shouldn’t need them but I will come to that a little later.
For single people some of the benefits are fairly obvious, they satisfy a need which might otherwise be ignored but there is more to a vibrator than just satisfaction.
There are many health benefits related to sex and these can all apply to using a toy as well. These are –
Stress relief, endorphins are released in the brain during orgasm which help to reduce stress, an orgasm has the same effect whether it is brought about by a man or toy.
Burns Calories. It is widely known that a good sex session burns an incredible amount of calories and the same is true when using a sex toy, it might not burn as many calories as an hour or two with a partner but it gets the heart pumping and that has the same benefit as cardio exercise. Surely it is more enjoyable than an hour in the gym?
Improves the health of your heart in the same way that cardio exercise does and everyone knows how important that is.
Remember those endorphins which reduce stress? They can also help you to cope with pain better which can only be a good thing.
So using a sex toy when you are single is a good way to get your orgasm and improve your health at the same time, but what if you are in a relationship, how do sex toys help then?
One of the main benefits of using sex toys as a couple is that it adds a new dimension to what can become a routine. Although many of us don’t like to admit it, the longer a relationship lasts the more of a routine sex can become.
Sex toys can help you become more adventurous in the bedroom. Many couples still don’t talk frankly about what it is they really want when it comes to sex, this is probably because they don’t want to hurt the feelings of their partner but it surprising how people can lose their inhibitions when sex toys are used.
They can enhance orgasms. This is fairly obvious but the effect that orgasms have on the brain can go a long way to reviving a flagging sexual relationship. Orgasms release endorphins which make you feel extremely happy, your brain then associates these feelings with sex and therefore makes you want it more, and so the cycle continues.
As you can see, the benefits of using sex toys far outweigh any disadvantages whether you are single or in a relationship. The biggest reason to use a sex toy is quite simply because they are fun so why not?
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