The dollar fell on Friday, reducing its monthly gain against a basket of currencies, as traders who favored commodity-linked currencies booked profits on gains tied to the U.S. Federal Reserve's unexpected hint it may raise rates in December.
A rise in oil and other commodities prices lifted the Australian and New Zealand dollar. The latter also got a boost from improved domestic business confidence, which advanced for a second month on a rebound in dairy prices.
The dollar index, which measures the greenback against six major currencies, fell 0.3 percent to 96.995. For October, the dollar was up 0.6 percent, for its second straight monthly gain.
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A rise in oil and other commodities prices lifted the Australian and New Zealand dollar. The latter also got a boost from improved domestic business confidence, which advanced for a second month on a rebound in dairy prices.
The dollar index, which measures the greenback against six major currencies, fell 0.3 percent to 96.995. For October, the dollar was up 0.6 percent, for its second straight monthly gain.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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