iBankCoin
Joined Nov 11, 2007
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Aussie and Kiwi Dollars Halt Their Downside As The Risk On Trade is Executed

“The Australian and New Zealand dollars rose for the first time in three days as Asian shares rallied, boosting demand for riskier assets.

The New Zealand dollar strengthened against all of its 16 major counterparts after reports showed the nation’s house and food prices increased in February. The appeal of Australia’s currency was limited after home loans in the country fell more than economists estimated and business confidence slumped to a five-month low…”

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