February 9, 2010
AUD USD Likely to Benefit on Increased Appetite for Risk
The AUD USD and NZD USD benefitted from renewed demand for higher yielding commodities and equities. These two pairs have taken a beating lately as traders dumped asset-related
currencies during the height of the Greek sovereign debt crisis. The failure of the Reserve Bank of Australia to raise rates at its last meeting and the weak New Zealand economic reports pressured
both currencies. In addition, China’s decision to begin raising interest rates while cutting back on …
