Tag: Rate Advantage
Australian, N.Z. Dollars Advance on Outlook for Fed Rate Cut
By Candice Zachariahs
Dec. 15 (Bloomberg) — The Australian and New Zealand dollars rose on speculation the Federal Reserve will cut interest rates at least half a percentage point tomorrow, increasing demand for higher-yielding assets.
Posted: December 15th, 2008 under News.
Tags: Australian Bureau of Agricultural and Resource Economics, Australian Dollar, Benchmark Rate, Comodity export, Currencies, Federal Reserve, Global Recession, National Bank Australia Ltd., New Zealand Dollar, Rate Advantage, Regional Stocks, Stock, U.S. automakers
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