It is amazing considering the Chinese and US economies are are picking up speed,13 reactors due to come online 2013,20 reactors due 2014 plus the restart of the Japanese reactors.
Dollar up on positive US, China data :
THE Australian dollar has risen on improved global sentiment due to positive economic data in the US and China.
At 7am AEDT, the local unit was trading at 103.99 US cents, up from 103.71 cents on Thursday.
Westpac New Zealand senior market strategist Imre Speizer said sentiment had begun to rise on Chinese manufacturing data released on Thursday, and this continued overnight with US job figures.
"It appears that economic data around the world is starting pick up a little bit," he said.
"That's why share markets and some commodities and currencies like the Aussie went up."
There were 158,000 new private sector jobs added to the US market in October, according to the ADP payrolls report released on Thursday.
Mr Speizer said this data indicated that the bigger non-farm payrolls number due for release on Friday night could come out better than expected. Digital Pass $1 for first 28 Days
"ADP is a new and improved private sector payrolls report," he said.
"It supposedly has a stronger relationship with the non-farm payrolls, and it does suggest that number will be higher than previously thought."
On Thursday, China's official purchasing managers' index (PMI) data rose to 50.2 in October, indicating that the country's manufacturing sector is expanding, after three months of contraction.
Mr Speizer said the better global data could lower expectations that the Reserve Bank of Australia (RBA) would cut the cash rate when it meets next Tuesday, following a cut at its previous meeting.
(20min delay)