30.03.2011 - Low yen bolsters commodity currencies |
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 |