Monday, September 10, 2012

AUD Increases over the Weekend

The Australian Dollar continues to trade higher after weak US job figures and European plans to support the weaker and struggling economies. Weak US Non-Farm pay rolls provided a strong platform for the AUD to increase on Friday, and this was maintained across the weekend.

Also helping the Australian Dollar was the news from the ECB that bigger European countries would continue to buy bonds off of the weaker economic countries in the region. This is in the hope to continue to stimulate the European economy and keep things moving.








Pound To Australian Dollar - 1.5465
Euro to Australian Dollar - 1.2345
US Dollar to Australian Dollar - 0.9657

Bye For Now

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