Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: Hemant on April 22, 2011, 11:00:42 am
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Aussie, Kiwi Dollar Rise on Regional Economic Optimism
The Australian dollar climbed to a record after a government report showed producer prices rose more than economists estimated in the first quarter, providing additional evidence that growth is quickening.
The so-called Aussie strengthened for a third day and New Zealand?s advanced for a second versus the U.S. currency as stock gains boosted demand for the nations? higher-yielding assets. New Zealand?s dollar reached a three-year high versus the greenback as traders added to bets the central bank will raise interest rates over the next 12 months.
Source: Aussie, Kiwi Dollar Rise on Regional Economic Optimism (http://www.marketracks.com/forex/aussie-kiwi-dollar-rise-on-regional-economic-optimism/forward/393/)