Aussie dollar at record High

China denies currency undervalued - BBC Asia-Pacific
Chinese Premier Wen Jiabao has rejected criticism that China's exchange rate controls keep its currency undervalued in order to boost exports. He said keeping the yuan stable was "an important contribution" to global recovery from the economic downturn. He was speaking at the end of China's annual
Publ.Date : Sun, 14 Mar 2010 05:55:00 GMT
China defends currency policy - Al Jazeera
China's prime minister has rejected foreign calls for allowing the yuan to appreciate and blamed the US for strained ties between Washington and Beijing. Wen Jiabao used a news conference marking the end of China's annual parliament meeting on Sunday ...
Publ.Date : Sun, 14 Mar 2010 07:07:00 GMT
Atheist in battle to remove 'In God We Trust' from US currency - Daily Telegraph
The San Francisco-based 9th U S Circuit Court of Appeals panel rejected two legal challenges by Michael Newdow, a doctor, who said the references to God are unconstitutional and infringe on his religious beliefs. The same appeals court caused a national uproar and prompted accusations of judicial
Publ.Date : Fri, 12 Mar 2010 09:47:00 GMT
Chinese Leader Firmly Defends Currency and Trade ... - New York Times
BEIJING â€” Premier Wen Jiabao sharply defended China â€™s currency and trade policies on Sunday against what he called foreign â€œfinger-pointing,â€ charging instead that the developed world seeks to force unfair changes in those policies â€œjust ...
Publ.Date : Sun, 14 Mar 2010 08:26:00 GMT
Chinaâ€™s Wen Rebuffs Yuan Calls, Opposes â€˜Finger ... - BusinessWeek
... sooner or later,â€ China must be cautious on the timing. â€œWe oppose countriesâ€™ pointing fingers at each other and even forcing a country to appreciate its currency, because that wonâ€™t help renminbi exchange-rate reform,â€ Wen said, using ...
Publ.Date : Sun, 14 Mar 2010 02:56:00 GMT
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THE dollar has hit US92c for the first time since 1984

The rise is linked to expectations of an interest rate rise next month.

The domestic currency touched US92cs at 8.17am before reaching 92.14 US cents at 8.25am, to attain its strongest level since May 4, 1984, when it closed at 92.80 cents.

The dollar opened at US91.84c today.

The domestic currency's rise is linked with expectations that Australian interest rates will climb next month, while in the United States consumer interest rates are tipped to fall.

Readers of our newsletter have reported good returns on their currency investments after our many recent bullish recommendations on the Australian Dollar.

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