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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.

By on 12 April, 2012 12:42 pm in Currency / no comments

 
 

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.
If you want to transfer money to or from Australia then please register/login or call us for a live dealing rate.
Make use of a Rate Notifier to send you alert when the Australian exchange rate reaches levels you are looking for.

 
 
 

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