iBankCoin
Joined Nov 11, 2007
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The Aussie Dollar Trades Higher In Expectation of Rates Being Unchanged

Australia’s dollar headed for the strongest weekly gain in six months before minutes on March 19 from the Reserve Bank’s latest meeting, when policy makers refrained from cutting interest rates.

The so-called Aussie traded within 0.3 percent of the highest level in more than five weeks versus the greenback as traders scaled back rate-cut bets following a report yesterday showing the biggest job gains in almost 13 years. New Zealand’s currency, nicknamed the kiwi, headed for a weekly loss as the nation’s central bank reiterated its focus on exchange rates.”

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