“Australian Dollar Rose on Rapid Chinese Growth”

[sarahfx]

“The forex (www.ikonfx.com）rate of Australian dollar against its US counterpart rose as the demand for the higher-yielding currencies increased in the Asian forex market.
China was Australia’s biggest export market. The Chinese government reported that the purchasing managers’ index advanced to 53.8. The strong growth in Asia, particularly China and India, bolstered the Australian currency.
The forex（IKON GROUP - Forex | Forex Broker | Forex Trading | Futures) investors raised their bets from 52 percent to 64 percent on the concern that the Reserve Bank of Australia would raise the 4.50 percent target lending rate this week.”

[sarahfx]

“The forex rate of Australian dollar against its US counterpart rose as the demand for the higher-yielding currencies increased in the Asian forex market.
China was Australia’s biggest export market. The Chinese government reported that the purchasing managers’ index advanced to 53.8. The strong growth in Asia, particularly China and India, bolstered the Australian currency.
The forex investors raised their bets from 52 percent to 64 percent on the concern that the Reserve Bank of Australia would raise the 4.50 percent target lending rate this week.”

[sarahfx]

“The forex rate of Australian dollar against its US counterpart rose as the demand for the higher-yielding currencies increased in the Asian forex market.
China was Australia’s biggest export market. The Chinese government reported that the purchasing managers’ index advanced to 53.8. The strong growth in Asia, particularly China and India, bolstered the Australian currency.
The forex investors raised their bets from 52 percent to 64 percent on the concern that the Reserve Bank of Australia would raise the 4.50 percent target lending rate this week.”