Aussie Dollar falls amid flagging demand for risky assets

Source: Bloomberg
The Australian Dollar declined versus almost all of its major peers as global economic downturn curtailed demand for high interest currencies. The Aussie Dollar fell 0.2% to $1.0556 and dropped to 82.63 Yen. The New Zealand Dollar lost 0.2% to 81.17 U.S. cents and 0.2% to 63.53 Yen. 
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Mon, 13 Aug 2012 06:36:25 GMT

Oil and gold gain on Japan data

Gold and oil rose as Japan's GDP widened less than expected, adding signs to speculation central banks will create additional stimulus to support global growth. Oil gained 0.4% to $93.28 per barrel in New York on Friday. Gold for immediate delivery advanced 0.2% to $1,623.75 per ounce. While corn fell 0.3% in Chicago and wheat lost 0.8%.

Mon, 13 Aug 2012 08:53:27 GMT

Aussie and Kiwi lose their links with commodities and stocks

The Kiwi and Aussie Dollars are cutting their links with commodities and global stocks as investors look for higher interest rates and faster growth. The correlation between the dollars and stocks has declined from record high. The currencies are weakening their links with traditional risky assets as both currencies advance at more than double average pace of G10 nations. 

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