The aussie climbed a further two cents yesterday as figures revealed rising employment in Australia, and as rising risk appetite supported strong demand for high yielding currencies.
The pound rebounded nearly two cents from its intra-day low against the aussie, halting its sharp slide and posting marginal gains of 0.2%, to close the day up at 1.7912.
The Australian dollar continued to push record highs yesterday, supported by the RBA’s decision to raise rates as the global financial crisis eases.
Click to continue reading “Rate rise to 3.25% in Australia boosts demand for the aussie”
Speculation over an imminent rate rise in Australia sent the pound tumbling yesterday, losing 1.5% to close at 1.8146.
The pound advanced a further cent against the aussie on Friday, building on strong gains, as investors remained cautious following weak US employment figures.
Click to continue reading “Pound made gains against the aussie on Friday following weak US data”
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The pound reversed recent losses to gain 0.75% on the aussie yesterday in the wake of some positive economic data, which spurred investor demand.
Selling pressure on the pound and demand for higher-risk currencies saw the aussie advance to a fresh twenty-year high of 1.8464 against the pound.
The Euro and the British Pound may see selling pressure with US stock index futures are trading down nearly 1% ahead of the opening bell in Europe, pointing to sagging risk appetite that stands to boost the safety-linked US Dollar.
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