June 10, 2009. Amid speculations that global recession is easing Investors have started buying high yielding currencies because of their higher interest rates (Australian dollar 3 percent, New Zealand 2.5 percent,2 percent in Korea compared with Zero percent in US and 0.1 percent in Japan. ) Australian dollar rose on the news that consumers confidence jumped in June most in 22 years signs that economy may avoid recession.
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