Monday, January 31, 2011

Australia's Dollar Trades Near Parity Before RBA Rate Decision

January 31, 2011, 8:01 PM EST





By Candice Zachariahs


Feb. 1 (Bloomberg) -- Australia’s dollar was within half a U.S. cent of parity on speculation policy makers meeting today will signal higher interest rates are needed as the rebuilding of flood-damaged areas stokes inflation.
New Zealand’s dollar snapped two days of losses against the yen after a government report showed wages increased in the fourth quarter by more

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