After a very powerful punching below 0.9750 yesterday morning, Aussie impressively went back to 0.99 in early trading in London. At night, he has helped a growing sense that Ireland will help, but officials IMF, EU and the ECB came to Dublin to familiarize themselves with the accounts. After a decline of 4% over the past week, there was a suggestion that foreign investors are buying higher-yielding assets, though, if this might be the reason, it obviously does not apply to Australia, where stock and bond markets have been significantly underestimated in the night. Hawks comments chairman of the Central Bank of Australia Aussie Battellino provided a small increase. For the bulls, they mean that the Australian will go from 50-day moving average, is now passing cherez0.9750. Nevertheless, it would be surprising if we did not see another test of this level in the near future, given the volatility in the forex market at the moment.
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