31. Rising rates help a currency by making bank deposits denominated in it more attractive. 32. Rising stocks help the currency because global investors buying U.S. securities need dollars to pay for them. 33. Rising demand for bonds often helps the currency because global investors need dollars to buy bonds. 34. Rising Australian stocks help the currency because foreign investors generally need Australian dollars to buy them. 35. Signs that the deficit has stabilized at these lower levels, or fallen further, would likely help the currency, traders said. 36. That means the nation will have to rely on less money from abroad to finance its excess imports, helping the currency. 37. That concern was offset by rising interest rates, which help the currency by making peso-denominated deposits and bonds more attractive. 38. The Australian currency was also helped today by talk that Japanese investors had bought Australian dollars in order to buy Australian bonds. 39. Yet the currency was helped by a rally in U.S. stocks and bonds triggered by the jobs figures. 40. Higher interest rates help a currency by making investments in that currency more attractive. |