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Low yen bolsters commodity currencies

Posted on 30 March 2011

The global, coordinated selloff of the Japanese yen bolstered commodity currencies in U.S. trading Tuesday. One of the primary beneficiaries of the yen suppression Tuesday was the Australian dollar — via the carry trade. The Australian dollar was 1.2% stronger at 84.615 yen and 0.2% firmer at $1.02666.
CurrencyShares Australian Dollar Trust was up 0.1% to $103……………………………………..Full Article: Source


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