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HISTORICAL DETAILS
% Change
1 Wk 2.11%
1 Month 4.47%
3 Months 0.81%
6 Months 9.96%
1 Year 22.36%
52 WEEK
High 1.1012
Low 0.8771
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.07
Q3 2011 1.05
Q4 2011 1.04
Q1 2012 1.03
DAILY DETAIL
The Australian dollar rallied to a three-month high of $1.0964 today as the lack of progress over the US debt ceiling encouraged investors to direct funds to countries that have a well-established bond market, and that stand a much better chance of retaining their AAA credit rating in the foreseeable future. Historically, the aussie dollar hasn’t fared well during periods of anxiety, but this time the situation is clearly very different. The Australian dollar was also boosted by comments by RBA Governor Glenn Stevens, who said it would be reasonable to expect consumer spending to record faster growth than it has in the past few years. [1] By 2.30pm (London time) AUD/USD was 0.92% higher at $1.0944. Anthony Grech, London
Notes: Source: [1] Sydney Morning Herald (26 July 2011). Chart data supplied by Bloomberg.
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