DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic

FX News

Most recent FX News:

Read more

The AUD shows strength against the US dollar

Written by Sam Coxhead on October 13th, 2011.      0 comments

5;52 PM (NZT) The Australian dollar has continued the stellar performance, that started mid way through last week. Today’s better than expected employment numbers pushed to new highs on this run, before it softened a touch in consolidation. Whether or not the momentum continue remains to be seen. It is likely that we see some retracement, as the exit of the US dollar loses momentum after such a large move. However there is little that has materially changed in the last week, in terms of overall risks to the economy. The Franco-German pledge to provide a solution to the recapitalization for the European banks has provided no detail to this point. Progress will be harder to make from here for the AUD. Therefore current levels look reasonable to buy USD dollars with AUD in the short term.
 
The current interbank price is:   1.0170
                                                               
The interbank range on the week to date has been:       .9725 - 1.0232
 

Comments