Positives push dollar down
Intel and Goldman Sachs boosted confidence about corporate earnings and the economy with impressive results. As a result the US dollar fell to one-month lows against major currencies. Factories in New York also posted positive data that pushed investors into higher-yielding currencies and away from the safe-haven demand for the dollar.
The Australian and Canadian dollars tend to do the best when investors are more prone to seek risk, causing both currencies to rise about 1% against the greenback. The euro also performed well against the dollar up 0.9% to USD1.4095, the highest since July 2.
The US currency has an exchange rate at AUD1.2429 and CAD1.1191.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.