Pound rises to 6-week high amid U.K. industrial output report

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Source: Bloomberg
The British Pound appreciated to the highest level in six weeks against its U.S. counterpart on Tuesday after a report showed that industrial production in the U.K. advanced above the forecast in February suggesting that the country might avoid a triple-dip recession. The Sterling gained 0.4% to $1.5316 on Tuesday after it reached $1.5363 on April 5, the highest since February 20.

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Tue, 09 Apr 2013 16:57:01 GMT

Aussie and Kiwi Dollars rise amid U.S. and Japan's stimulus

The Australian and New Zealand's currency advanced as loosen monetary policy in the U.S. and Japan weighted on their government bond yields boosting the South Pacific's assets relative value. The so-called Aussie increased 0.2% to $1.0429 and it was traded at 103.82 yen, while the New Zealand's Dollar gained 0.2% to NZ$1.2285 per Australian dollar following a climb to NZ$1.2274.

Tue, 09 Apr 2013 16:33:07 GMT

U.S. 10-year yields drop amid Japan's buying

U.S. Treasuries increased on Tuesday amid speculation that buying at today's $32 billion auction of three-year notes will be boosted by the Bank of Japan's decision to double its assets purchases. The benchmark U.S. 10-year yields decreased by two basis points to 1.73% at 9:31 a.m. in New York after it dropped to the lowest since December 12 at 1.68%

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