Tuesday, April 1, 2014

Epic Research Singapore : Forex Market Update

The Australian dollar gained 4% against the U.S. unit in the first quarter, boosted by sharp gains at the end of March, as market participants weighed comments from Australia’s central bank and a possibility of stimulus in China.


The Australian dollar AUDUSD +0.0400%  rose to 92.73 U.S. cents from 92.46 U.S. cents late Friday. For the month, the Aussie gained 3.9%.

The New Zealand dollar NZDUSD -0.0088%  jumped 5.6% against its U.S. counterpart in the first quarter

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