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Australian dollar sets new post float highs.....again...

Written by Sam Coxhead on March 29th, 2011.      0 comments

11:55 AM (NZT) The rampant Australian dollar again set post float highs in the offshore session overnight. The insurance flow driven demand saw the Aussie briefly touch a peak of 1.0314 against the US dollar in the European session before setting down to trade mainly in the mid 1.0200s. Its dramatic rise over the last two weeks has seen it appreciate over 10%. It has also made up ground against its other major trading partners. For now resistance remains at or just above the 1.0300 level.
 

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