Recovering Economy Increased Appeal of Australian Dollar

The Australian dollar headed today to the highest level since 1982 against its US counterpart as the signs of the faster economic growth in the US increased the appeal of the higher-yielding currencies. The currency declined versus the euro.

Yuan Slips as China Raises Interest Rates

The Chinese yuan slipped today as the central bank raised its interest rates in an attempt to curb China’s significant inflation and to prevent the asset-bubble. China’s economic growth makes traders expect another rates hike in the future.

US Dollar Declines vs. Commodity Currencies on Signs of Recovery

The US dollar declined versus the higher-yielding currencies as the macroeconomic reports suggested that the economic recovery is underway, encouraging the investors to take more risk in seeking profits.

Britain’s Interest Rates May Go Up, Helping Pound Gain vs. Euro

The Great Britain pound rose today against the euro as the speculation that European banks would have problems in raising funds and the forecast that Britain’s central bank would increase the interest rates spurred demand for the sterling. The currency was little changed versus the US dollar.

No Emerging-Market Bears Unsettles Investors Shunning Conformity

Individual investors are pouring money into emerging-market stocks at the fastest pace since 2007 as the biggest rally in 16 years spurs three of the world’s largest banks to predict shares will hit record highs next year.

US Dollar Falls After China Kept Interest Rates Unchanged

The US dollar weakened today as China kept its interest rates unchanged, reducing the concerns about the possible China’s actions to slow the Chinese economic growth and damping the demand for the safer currencies.

Aussie Rises on Employment Growth & Interest Rates Outlook

The Australian dollar rose today as the good reports this week signaled about the increasing pace of the economic recovery and on the outlook for the interest rates increases.

The attractiveness of the Australian currency was boosted by the good employment reports. The Australia and New Zealand Banking Group reported that the job advertisements on the internet and in newspapers increased by 2.9% in November, signaling about the rising employment. This was confirmed by the report of the Australian Bureau of Statistics, which showed the growth of the employment by 54,600.

Canadian Dollar Pares Losses

The Canadian dollar rose today after it fell yesterday as Canada’s central bank kept the interest rates unchanged and the commodities, including crude oil, dropped, decreasing appeal of the currencies linked to the economic growth.