AUD/USD Performance Chart as at 3:30 a.m. Singapore time, 26/04/11

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HISTORICAL DETAILS 

% Change

1 Wk 1.95%

1 Month 6.39%

3 Months 8.60%

6 Months 10.00%

1 Year 15.36%

 

52 WEEK

High 1.0775

Low 0.8067

 

BLOOMBERG MEDIAN FORECASTS

Q2 2011 1.01

Q3 2011 1.01

Q4 2011 1.00

Q1 2011 0.98

 

DAILY DETAIL

The Australian dollar hit a fresh 29-year intraday high on Monday, suggesting investors are still eager to embrace risk and higher-yielding assets. The Australian dollar, which tends to attract buying when the global economy is doing well and commodity prices rise, touched a 29-year high of $1.0777. It later trimmed its gains to stand at $1.0735, little changed on the day. Still, the combination of upbeat global growth, signs of weaker US growth and the specter of dovish Fed policy is expected to support fund flows to higher-yielding currencies such as the aussie from the US currency, traders said. Data from the US Commodity and Futures Trading Commission showed that speculators remained overwhelmingly bearish on the dollar, even after trimming their huge long positions in the Australian dollar in the week to April 19. [3] Paolo Palazzi-Xirinachs, Chicago

 

Notes: Source: [1] Reuters (25 April 2011), [2] Bloomberg UK (25 April 2011), [3] Syndey Morning Herald (25 April 2011), [4] Wall Street Journal (25 April 2011). Chart data supplied by Bloomberg.