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Rabu, 05 Januari 2011

News.com Dollar lower as commodity prices fall

THE dollar was almost US0.5c lower this morning as commodity prices ended their holiday period rally. 

At 7am (AEDT) today, the local unit was trading at US100.51c, down from US100.96c yesterday.

Since 5pm yesterday, the dollar traded between US100.28c and US101.07c.

Bank of New Zealand currency strategist Mike Jones said it followed a relatively negative night for the dollar.

"The Aussie dollar certainly crashed back to earth after a fairly solid performance through the Christmas New Year period," Mr Jones said from Wellington.

"Most of that reflects a sharp fall in commodity prices after they surged to record levels between Christmas and New Year."

Overnight, the gold price fell over 2 per cent, its biggest one-day fall since November and the benchmark oil price for February lost about 3 per cent.


Read more: http://www.news.com.au/business/breaking-news/dollar-lower-as-commodity-prices-fall/story-e6frfkur-1225982172777#ixzz1A6tTwZ8U
Posted by Saham Pilihan at 05.57

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