Aussie, kiwi strengthens on Obama's second term

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Source: Bloomberg
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%.
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Wed, 07 Nov 2012 10:41:24 GMT

Canadian Dollar advances against its major peers

The Canadian Dollar traded up against the majority of its peers on advancing U.S. shares and growing risk appetite for higher-risk assets. The currency is forecast to extend more gains, exceeding its two-week high, as soon as the election is over. The Canadian Dollar surged 0.4% to 99.21 cents a dollar, after rebounding from its lowest level of C$1.0019.

Wed, 07 Nov 2012 09:57:20 GMT

Greenback weakens on Obama's victory

The U.S. Dollar fell on speculation Barack Obama's re-election victory will increase chances that the U.S. will keep the monetary stimulus measures, which tend to debase the nation's currency. The greenback lost 0.4% to $1.2861 per Euro as of 2:48 p.m. in Tokyo, after earlier rising 0.2%. The Dollar weakened 0.4% to 80.07 yen. 

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