24.06.2014 - Commodity-Based Currencies Gain After China Data Show Growth
Commodity-based currencies held on to most gains made against the dollar and the yen after a surprise jump in factory activity for China, the world's second-largest economy, pointed to increased demand for the natural resources produced in Australia and New Zealand. The Australian dollar rose 0.3% against the greenback to US$0.9418, and the yen slipped 0.1% against the Aussie to ¥95.97. The New Zealand dollar rose 0.1% versus the buck to US$0.8710, while the yen traded flat versus kiwi, as the New Zealand currency is also called, at ¥88.75...............................................Full Article: Source
Print