Wed, Aug 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies, Market Pulse more

Australia, New Zealand dollars jump as stocks, commodities rise

Posted on 29 October 2008

From Bloomberg: The Australian and New Zealand dollars jumped the most in more than two decades against the yen as a rally in U.S. stocks and reports Japan may cut rates prompted speculation investors will buy higher-yielding assets.

The currencies advanced against the dollar after prices of commodities the two nations export gained. The Nikkei reported yesterday the Bank of Japan may reduce its target lending rate by 0.25 percentage point. The South Pacific nations’ dollars rallied yesterday as the Reserve Bank of Australia bought its own currency for the third day amid declines. …. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36638 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31