Aussie Trades Near Two-Week High as China Factory Data Improves

Written By Unknown on Thursday, 1 November 2012 | 06:09

Australia's dollar traded nearby its
strongest turn in dual weeks after an alleviation in
manufacturing gauges in China, a South Pacific nation's
biggest trade partner.

The supposed Aussie rose for a third day opposite a yen
ahead of subsequent week's process preference by a Reserve Bank of
Australia. Demand for a Australian and New Zealand dollars was
limited as investors awaited a final jobs news in a U.S.
before a presidential election.

"We've been saying a pickup in a Chinese economy," said
Takuya Kawabata, an researcher during Gaitame.com Research Institute
Ltd. in Tokyo, a section of Japan's largest banking margin
company. "The softened view about China can emanate upward
pressure for a Aussie."

The Australian dollar bought $1.037 as of 3:51 p.m. in
Sydney, little

Read full article: http://www.telegraph.co.uk/news/uknews/crime/jimmy-savile/9628228/Jimmy-Savile-George-Entwistle-heckled-by-BBC-reporters-after-brutal-grilling-from-MPs.html


Source:
http://www.news.ezonearticle.com/2012/11/01/aussie-trades-near-two-week-high-as-china-factory-data-improves/

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