Australian Dollar Rises by 1%

 Last night, the Australian Dollar rose almost 1 US Cent following comment that came out of the US central Bank's minutes. These comments went against what was originally thought and therefore became US Dollar negative Aussie Dollar positive. This came after Quantitative easing was suggested it was going to be in place by next month to try to circulate more money in the US Economy.

Over the next few weeks there is also quite a bit of data coming out of the US and Australia, however, it doesn’t look as though it will be positive enough for the Australian Dollar to back away from its current high. Therefore it looks as though Quantitative Easing is a certainty in the US for September.

Pound To Australian Dollar - 1.5140
Euro to Australian Dollar - 1.1945
US Dollar to Australian Dollar - 0.9508

Bye For Now

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