| 20.10.2008 - Australian dollar up after commodity prices recover |
| From Economicnews.ca: The Australian dollar is up against majors after markets received reports indicating preliminary Australian imports were up in September, and producer prices increased as well. Nevertheless, strategists say the Aussie's moves upwards are based on commodity prices and risk. Patricia Gacis, strategist at ANZ Markets said, "The AUD is opening the week on a firmer footing„as the oil price is higher and risk aversion appears to be moderating.".... Full Article: Source |