AUD and NZD Rose From 5-Month Low

Note: This section contains information in English only.
Source: FX Times
The drop of Australian and New Zealand Dollars which started in December 2011 was caused by the spill-overs of negative sentiments and high risk aversion as the Eurozone debt crisis stayed unresolved. Since technical indicators pointed that the recent fall in South Pacific dollars was excessive, the traders have revised their valuation of these currencies up. Earlier today Australian dollar appreciated by 0.4% against the greenback and by 0.4% against Japanese yen. The New Zealand Dollar added 0.3% versus both USD and JPY.
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Tue, 15 May 2012 19:05:24 GMT

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