Aussie and Kiwi Dollars Near One Year High After G20 Meeting

Australian, N.Z. Dollars Near One-Year High After G-20 Meeting

By Candice Zachariahs

Sept. 7 (Bloomberg) The Australian and New Zealand dollars traded near the strongest levels in a year as the Group of 20’s pledge to maintain economic stimulus boosted demand for higher-yielding assets.

The currencies extended last week’s gain versus the greenback after reports showed Australia’s building industry shrank at a slower pace and house prices in New Zealand climbed for a fourth month. Australia’s dollar advanced for a fourth day versus the yen after an industry report showed job vacancies rose in August for the first time in 16 months.

“The market has taken a little comfort from the strength with which the commitment to keeping the stimulus in place was talked about,” John Horner, a foreign-exchange strategist at Deutsche Bank AG in Sydney, said in a Bloomberg Television interview. “That’s going to underpin risk currencies like the Australian dollar and New Zealand dollar.”

Read Full Article :

Oil Prices continue to fall

Oil falls as unemployment rises

Outlook For Oil Prices
Sept. 7 (Bloomberg) -- Crude oil traded near $68 a barrel on speculation OPEC will maintain curbs on output as supplies stay ample at the end of the U.S. peak summer demand season.
Tags

Business, Economy, Energy, Energy, Oil, Science & Technology

Great Opportunities in Emerging Market Bonds

Emerging Market Bonds

Bloomberg

Many of the emerging market countries, particularly in Latin America and Asia do not have the same level of leverage in their banking system. (Taking Stock)

Tags :
Bonds Warren Buffett max keiser Peter Schiff crash proof book predictions decoupling theory China requests for US bonds in yuan bank holiday golden jackass jim willie karl denninger dow jones market watch fannie mae freddie mac California Public Employees Retirement System CalPERS goldman sachs eliot spitzer