Wed, 07 Nov 2012 10:19:22 GMT
Aussie, kiwi strengthens on Obama's second term
Australia's Dollar strengthened versus the U.S. counterpart amid speculation U.S. President Barack Obama's re-election victory will increase chances of continued monetary stimulus by the Fed, which tends to weaken the U.S. Dollar. The Aussie rose 0.2% to $1.0451, following an earlier drop of 0.2%. The New Zealand Dollar gained 0.1% to 82.78 U.S. cents, after it falls 0.4%.