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HISTORICAL DETAILS
% Change
1 Wk 1.19%
1 Month 2.78%
3 Months 0.33%
6 Months 10.46%
1 Year 22.93%
52 WEEK
High 1.1081
Low 0.8771
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.07
Q3 2011 1.06
Q4 2011 1.04
Q1 2012 1.04
DAILY DETAIL
Overnight, the AUD retreated from its record highs, but still managed to hold relatively firm despite all the fear and uncertainty emanating from the US debt stalemate. Having ended the Australian session around the 1.1055 level, the AUD drifted over the course of European and US trade, hitting an overnight low of 1.0976 before closing at 1.1003. Upon recommencing for the Asian session, the AUD has drifted marginally back below the 1.10 level and into the 1.0980 range, with the market firmly focused on the outcome of the weekend’s crucial negotiations between Republicans and Democrats. Failure to reach a resolution over the weekend could see a precipitous slump in the USD, which would undoubtedly see the AUD push higher. On the flipside, if a resolution is agreed upon, partial confidence in the USD is likely to be restored; commodity prices and the AUD would no doubt see a period of profit taking. Cameron Peacock, Australia
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