Dollar Awaits Jobs Report, Aussie Lifts
By: Kelley Holland | News Writer
Stocks rose and the dollar hit its highest level against the yen in more than three years on optimism about the nonfarm payroll report. [CNBC]
Concerns about the British economy and the prospect of more monetary easing kept the pound near a 2 1/2-year low against the dollar. [CNBC]
China's exports grew almost 22 percent in February, and the Australian dollar hit a four-year high against the yen. [CNBC]
China issued a fresh warning against rich countries' competitive currency devaluation. [FT]
Gloomy domestic economic prospects have the South African rand struggling. [CNBC]
Norway's oil fund cut its exposure to Europe in 2012 and plowed more assets into emerging markets. [WSJ]
The cost of capping: Switzerland's central bank spent $199 billion in 2012 to enforce the cap on the Swiss franc against the euro. [smh.com.au]
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