Buoyed by better than expected jobs data and firmed commodity prices, the Australian Dollar reached a new 15-month high versus the U.S. currency in Asian trading today.
Monthly Archives: November 2009
OECD Upbeat About Global Prospects In 2010
The Organisation for Economic Co-operation and Development has 30 member states drawn from developed nations and has the mandate to support economic growth, boost employment and contribute to world trade, amongst other things.
EURUSD Stays Positive
EURUSD stays positive, however bulls are struggling to reach new highs, resistance level stays still active. However, further jumping is expected, but while support line holds – bulls have chances to recover. For now waiting is better option.
Japanese Yen Firms on Mixed Chinese Data
The Japanese Yen moved higher in Asian trading today, gaining against high-yielders following the release of mixed economic reports coming out of China.
US Plans To Dismantle Banking Giants
In a move which would make the blood of any true free-marketeer run cold, a key US House of Representatives committee has voted to give government the power to order that large banks be split up.