AUSTRALIA: The Australian dollar is being overtaken by the Canadian
dollar among commodity currencies as the safety of Canada’s banking
system and ties with the US economy spur investors to buy the loonie,
The Sydney Morning Herald reports. Options show demand for the right to
sell the so-called Aussie and buy the Canadian dollar reached the
highest last month in almost a year. A measure of traders’ expectations
for price fluctuations indicates the loonie is the most secure bet
relative to the Australian dollar since July as the global recovery
shows signs of wavering, the report says.