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Today's Currency Update
We expect a range today in the AUD/USD rate of 0.9080 to 0.9220
Great Britain Pound: Pound Sterling (1.6535) opens higher for a fourth straight session after a UK report showed mortgage approvals increased more than expected last month. The Bank of England reported that lenders granted 56,215 home loans in September, helping to advance the pound to an intraday high of 1.6603. Also aiding the pound’s cause overnight was strong U.S. GDP data which had investors moving back into high-yielding currencies, therefore weakening the greenback. Meanwhile, the pound is softer against the Australian Dollar (1.8045) and slightly higher against the New Zealand Dollar (2.2550).
Today's Big Political News:
Gujarat Chief Narendra Modi caught in a swine flu during their recent visit to russia. Modi go to Russia with Business delegation to increase business between Russia and Gujarat. After Came home they become seek and doctor suggest them to test H1N1 flu. The H1N1 test is Positive For Modi and Other 15 Businessmen Test is Negative. After this Modi's Home is converted in to isolation room and they are under observation of doctor's team. The recent News is that they are out of the Danger.