Forex Focus is brought to you by IG Markets - Forex Trading
HISTORICAL DETAILS
% Change
1 Wk -0.66%
1 Month 0.26%
3 Months 0.83%
6 Months 6.66%
1 Year 21.36%
52 WEEK
High 1.1012
Low 0.8634
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.07
Q3 2011 1.07
Q4 2011 1.04
Q1 2012 1.03
DAILY DETAIL
The AUD has shown some remarkable resilience over the last 24 hours, managing to ride the rolling waves of investor fears over the European debt crisis and who will be the next nation to experience sovereign debt problems. Having ended yesterday’s Australian trade around the 1.06 mark, the AUD slumped to a US session low of 1.0526, only to recover slightly to end back at 1.06. This occurred after the release of the Federal Reserve’s minutes gave the market the slightest whiff of further accommodative policies, should the US economy continue to stagnate. Upon reopening for Asian trade, the AUD moved in a relatively narrow band but climbed higher after the release of robust monthly economic data out of China eased investor concerns that the country’s growth was slowing too much. The pair currently sits around the 1.0625 mark. Cameron Peacock, Australia
No comments:
Post a Comment