Wednesday, September 15, 2010

Aussie dollar reaches new high

The Australian dollar reached a fresh two-year high against the U.S. dollar early Wednesday as strong retail sales and a banking report of more help from the U.S. Federal Reserve lifted the currency.The Aussie was further boosted in Asian trading after intervention by Japanese authorities to sell down the price of the Yen. Japan stepped into the currency market on Wednesday for the first time in six years, selling yen to stem a rise that is threatening its fragile economic recovery.

(source: Wall Street Journal; Business Spectator)

1 comment:

Alybaker20122 said...

"THE Australian dollar has remained below parity with the greenback as healthy American retail data underpinned strength in the US currency.

At 12pm AEST today, the Australian dollar was trading at 99.77 cents, down almost a quarter of a US cent from yesterday's close of 100 US cents.

The local unit fell last night, and continued to struggle this morning, after US Commerce Department data showed a retail sales jump of 0.1 per cent during April. While the rise was unspectacular, it was more upbeat than market forecasts of a 0.3 per cent drop, boosting the US dollar against most major currencies." News today, MAY 14, 2013 12:31PM dailytelegraph

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