Australian, NZ Dollars Gain as Fed Decision Buoys Risk Demand

Nov 4th, 2009 - Bloomberg

Related content:

Nov. 4 (Bloomberg) -- The Australian and New Zealanddollars rose as the Federal Reserve reiterated its plan to keepborrowing costs near zero for an extended period, spurringdemand for higher-yielding assets.

“On the margin, this is positive for risk appetite,negative for the dollar and positive for currencies like theAustralian dollar,” said Todd Elmer, currency strategist atCitigroup Inc. in New York. “But I don’t think the Fedstatement is going to provide much of a lasting impact ontrade.”

Read the whole story on Bloomberg or try our Toolbar

blog comments powered by Disqus

Dollar Trades at Almost One-Week Low on Fed Stimulus Exit View
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- The dollar traded within a half-centof a one-week low versus the euro a day before the U.S. payrollsreport on speculation the Federal Reserve will trail other majorcentral banks in ending economic stimulus.
Dollar pressured by Fed's pledge on low rates
Nov 4th, 2009 - Reuters
SYDNEY (Reuters) - The U.S. dollar was under pressure on Thursday, moving toward recent multi-month lows on a basket of currencies, after the U.S. Federal Reserve's reiterated its committment to keep rates low for months to come. U.S...
Dollar Drops Most in Two Months on Fed's Interest-Rate Signal
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- The dollar fell the most versus theeuro in two months as the Federal Reserve reiterated its pledgeto keep borrowing costs near zero even as its $1 trillioninjection into the economy helps revive growth.
Dollar Declines as Stocks Gain Before Fed, Spurring Risk Demand
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- The dollar and yen fell as improvedbank earnings drove gains in stocks before the Federal Reserve’sstatement, fueling demand for higher-yielding currencies.
Australian, NZ Dollars Fall on Stock Losses, Inflation Outlook
Oct 28th, 2009 - Bloomberg
Oct. 28 (Bloomberg) -- The Australian and New Zealanddollars fell as U.S. equities retreated after an unexpected dropin new-home sales sapped demand for higher-yielding assets.