Aussie strengthens on prospects Fed easing will debase greenback

Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar strengthened to the highest in 2 months amid prospects the Fed's further monetary policy easing will debase the U.S. Dollar. Australia's currency fetched $1.0541, the strongest level since September 17, before trading at $1.0524 at 2:56 p.m. Sydney time. The Aussie gained 0.2% to 87 yen after touching 87.04, the highest since March 28. 
Back to articles

Actual Topics

Wed, 12 Dec 2012 10:09:53 GMT

Won trades near 15-month high after North Korea's rocket launch

The South Korea Won traded close to the highest level in 15 months and stocks rose after North Korea's rocket launch. The Won closed 0.2% higher at 1,074.93 per U.S. Dollar in Seoul. It fetched 1,073.64, the strongest since September 2011, before paring gains following the rocket launch. The Kospi Index gained 0.6%, closing at its highest level since October

Wed, 12 Dec 2012 08:29:55 GMT

Palladium dips on profit-taking

Precious metals apart from platinum halted their rally on Tuesday as a recent price increase prompted investors to lock in profits. At the same time, broadly weaker US Dollar coupled with speculation that the Fed will continue its easing measures lent some support to the commodity group. Meanwhile, traders awaited the FOMC statement due on Wednesday.Gold retreated, being pressurized by

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.