The Aus Dollar (AUD) has surged higher on global forex markets breaking through key resistance and support levels. The result has been a shift in near-term forecasts to favour the Aussie against the euro, pound sterling and US dollar.
... year-to-date low against the Australian dollar. In late local trade on Monday, as French Prime Minister Manuel Valls announced the resignation of his government, the Aussie was buying 70.6 euro cents, compared with around 70.2 euro cents late on ...
The Australian dollar is weaker against the strengthening greenback, following promising US economic data. At 0700 AEST on Wednesday, the local currency was trading at 93.02 US cents, down from 93.29 cents on Tuesday.
The Australian dollar rose after the Reserve Bank of Australia indicated in its minutes it will hold fire on rates despite uncertainty over the growth outlook, but the currency is set to be tested further over the coming days.