Aussie Dollar remains firm against Greenback
AUSTRALIAN DOLLAR REVIEW | The Australian Dollar has enjoyed a fairly strong performance over the last month, although it has started to creep back to parity with the greenback.
THE Australian Dollar has enjoyed a fairly strong performance over the last month, although it has started to creep back to parity with the greenback.
Over the past month, The Aussie strengthened to around 0.94228 to the US Dollar on the 19th March and had gradually started to move towards parity, reaching around 0.97504 to the US Dollar on the 12th April, averaging about 0.95968 over last 30 days.
Stronger than expected domestic jobs data has recently caused the Aussie to rise quite sharply by almost one cent, trading at 103.91 US cents from 103.02 yesterday.
This has reduced speculation that the RBA (Reserve Bank of Australia) will cut interest rates over next few months to come.
AUD/ GBP: 0.669737
AUD/ EUR: 0.786922
AUD/ USD: 1.055437
AUD/ JPY: 83.57467
Exchange rates as of 12:20, 12 April 2012
Composed by Chad Frieslich
:: Note: The above exchange rates are based on “interbank” rates.
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