Joined Nov 11, 2007
31,929 Blog Posts

The Aussie Dollar Finds Follow Through in the Risk On Trade

Australia’s dollar traded 0.1 percent from the highest in more than four months and government bond yields climbed on bets the Reserve Bank will refrain from lowering the developed world’s highest interest rate tomorrow.

New Zealand’s currency was 0.2 percent from a three-month high as Asian stocks extended a global rally in equities, spurring appetite for higher-yielding assets. Demand for the South Pacific nations’ dollars was tempered before reports tomorrow that may show declines in Italian industrial production and German factory orders, fueling concern Europe’s debt crisis is curbing prospects for growth.”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter