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

Will the leadership debacle affects demand for the Australian dollar against the USD?

Written by Sam Coxhead on February 24th, 2012.      0 comments

4:31 PM (NZT) This week has been another volatile week for this pair, albeit in a relatively contained range. After seeing some initial strength from the AUD, the US dollar dominated throughout the middle period before the EURO inspired the AUD to fight back from the lows to the current levels . Further upside from here for the AUD should remain harder fought, especially above 1.0800. Next week could prove interesting as the ECB looks to its longer term funding offer (LTRO) to banks, and the Labour Party leadership stoush plays out in Australia. GDP numbers and the FED Chairman Bernanke’s speeches in the US will also be very closely monitored.
 
The current interbank midrate is:                                                            AUDUSD  1.0747                                                                                        
 
The interbank range so far this week to date has been:                 AUDUSD 1.0594 - 1.0816
 

Comments