Showing posts with label Australia’s Dollar. Show all posts
Showing posts with label Australia’s Dollar. Show all posts

Thursday, August 11, 2011

Australia’s Dollar Rallies Despite Rising Unemployment

Australian dollarThe Australian dollar jumped today as gains of US stocks and advance of commodities overshadowed the unfavorable report about employment in Australia
The Standard & Poor’s 500 September futures advanced 1.7 percent, following yesterday’s decline by 4.1 percent. The Thomson Reuters/Jefferies CRB Index of commodities gained 1.4 percent yesterday.