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JPY Daily News

Aussie Comes off Recent Highs

Monday, 13 Feb 2012

The Australian dollar saw some bearish movement to close out last week. The currency moved down against most of its major currency rivals, following negative euro-zone news that drove investors away from riskier assets. The AUD/USD closed Friday's session at 1.0671, well below the six-month high it reached earlier in the week. Against the Swiss franc, the AUD closed Friday at 0.9776, down over 100 pips from earlier in the week.

This week, Aussie movements will likely be determined by euro-zone news. Providing a Greek bailout agreement is agreed to in the coming days, the AUD could see a boost along with other riskier assets. That being said, any further negative news could drive investors back to safe-havens which may cause the AUD to drop further.

Nyheds arkiv

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09.02.2012Franc Recoups Losses against Euro 
08.02.2012RBA Rates Decision Boosts Aussie 
Nuværende tid: 02/13 18:15 GMT
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