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AUD Trading Higher after Greece PM Wins Vote
The Australian dollar (AUD) was seen trading higher versus most other currencies yesterday after news began to shift many traders back into riskier assets. The Aussie has been a top performer these past several months considering many traders bank on a strengthening of the AUD due to a rise in Chinese demand for Australian raw materials.
Helping to assist the AUD's recent rise was the vote of confidence in Greece Tuesday evening. With news that the euro zone may soon tackle its debt woes more effectively, higher yielding assets are gaining ground, the Aussie chief among them. Moves toward riskier currencies tend to favor the high growth economies like Australia, China and India. With this morning's publication of the Australian Conference Board's (CB) leading index, traders may get another injection of good news that could lift the AUD even further.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 06/23 | ||||||||
| 00:30 | JPY |  CSPI | y/y | -0.8% | -0.7% | -0.9% |  | |
