• Most Popular
  • Most Shared

Aussie dollar rises 3 pct vs U.S. dollar, yen

Fri Sep 19, 2008 9:50am EDT

NEW YORK, Sept 19 (Reuters) - The high-yielding Australian dollar soared on Friday, rising 3 percent against both the U.S. dollar and the yen, on a surge in risk appetite following U.S. government measures to support the ailing financial sector.

Currencies

The Australian dollar rose as high US$0.8274 AUD= versus the U.S. unit, the highest since Sept. 8, and up more than 3 percent from late on Thursday. At current prices, the Aussie was on pace for its best one-day gain against the U.S. dollar in 10 years.

The Aussie also climbed 3.5 percent against the low-yielding yen to 87.80 AUDJPY=.

"The reestablishment of risk is the dominant theme in the market. The announcement has supported the Aussie and Kiwi at the expense of the yen," said RBC Capital Markets in a research note. (Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)



More from Reuters

Tea Party member Mike Kopczyk holds a sign during a rally marking the one-year anniversary of the movement in Troy, Michigan February 27, 2010. Some Tea Partiers say they can pinpoint the precise moment when they made it clear to the Republican Party they had no intention of being its lapdog. Picture taken February 27, 2010. REUTERS/Rebecca Cook

Special Report: Tea Partiers vs. Republicans

Tea Partiers want it known that they are not Republican Party lapdogs, but are they a fringe movement or a sleeping giant, awakened?  Full Article 

    Tomatoes are on display at an organic fruit and vegetable stall at a market in Montalivet, southwestern France, August 13, 2009. Credit: REUTERS/Regis Duvignau

    Organic a tough slog in China

    After incidents of melamine-tainted milk to toxic cowpeas, selling organic food to the Chinese is not an easy business.   Full Article 

    A host shows off the back of Apple's new "iPad" in San Francisco, January 27, 2010. REUTERS/Kimberly White

    Once bitten, twice shy of Apple

    European carriers sacrificed profits to carry the iPhone. They won't make that same mistake with the iPad.   Full Article