Invincible Aussie continued his triumphal march yesterday, reaching 0.97 in early trading in London, a new high for 2,5 years. In July 2008, the AUD has established a maximum of 0.9850 - for the bulls, which are many these days, they will want to see this level is taken as soon as possible. On the background of the continuing decline in the dollar, in the end it becomes a matter of time. Growing speculation that the RBA may arrange a new round of rate hikes at a meeting next week. Positive sentiment for the currency was further supported by a further increase in the asset market at night. This was an excellent quarter for the Aussie, who rose against the dollar by more than 15%.Irish and Portuguese debt again stood out. Not left in peace the Irish and Portuguese bonds yesterday. Spreads on them again rose sharply. Spread on 10-year securities of Ireland to the corresponding German Bunds widened to 20 points to a new record of 435 points, while spreads in the Portuguese papers increased by 15 points to 415 § Concerns over Ireland remains because of continuing concerns over the cost of Support Anglo Irish, while the S & P analyst speculated yesterday that the cost could rise to 35 billion euros.
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