Wednesday, September 23, 2009

An ebbing tide of dollars ...

... Lifts all [other] currencies.
The Kiwi currency has gained nearly 3 per cent in just two days - and a total of 27 per cent against the US dollar in six months.

Australia’s currency meanwhile has also benefited amid rising prices of gold and crude oil, key Australian commodity exports, touching $0.8788, the most since August 2008. Against the yen, the currency was at Y79.48 from Y79.56. But that’s another story…

And here's the other story... Dollar touches 1-year low as Fed meets

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