New Overnight Developments Abroad: Commodity Currencies Firmer
May 5, 2009
The Canadian dollar hit 1.1702 per USD today, its strongest level of 2009. The rand touched a 7-month high of 8.2621/USD and is up around 15% since end-2008. The U.S. dollar is trading down 1.0% against the kiwi and 0.6% against the Australian dollar after the Reserve Bank of Australia kept its cash rate unchanged [...]
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