Monday, November 22, 2010

AUD: Aussie was supported by the news from Dublin

Support the growth of the euro in response to the news from Dublin, the Aussie rose to 0.9950 last night to the early trading in London. Contributed to the mood of greater optimism about the risks in Asia and the purchase of Aussie Asian central banks. It is interesting that Aussie has lost a little bit after the news that S & P lowered the outlook for New Zealand's foreign currency debt, which put pressure on the kiwi. It is also worth noting a significant impact long on Australian currency over the past few weeks. No surprise if, before the end of the year, the Australian will be traded in a narrow range around parity.

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