Forex Rates Today: Australian Dollar all Time High vs Euro & US Dollar Exchange Rate
19 Jul 2012 at 11 AM - Written by Toni Johnson
The ‘Aussie’ has hit an all time high against the Euro and is soaring against the US Dollar. The currency is also trading at an eleven week high against most of its peers. The currency is being buoyed by the increase in commodity prices, improved investor sentiment and the news that the German central bank is set to start buying local bonds. The German Bundesbank is expected to begin adding Australian Dollar assets including government bonds to its foreign exchange holdings before November. The Bank of Australia’s attempts to lower the currency’s value have failed miserably and even weak business confidence data has failed to drag on the ‘Aussie’.
Currently the ‘Aussie’ is trading in the region of 0.8457 against the Euro, 1.0409 against the US Dollar and 0.6635 against the British Pound.
The Euro continues to take losses against a basket of currencies as confidence in the single currency remains dismally low. Yesterday’s comments by German Chancellor Angela Merkel renewed fears that the euro-debt crisis is about to enter a new dangerous phase and the chances of a member nation leaving the troubled bloc increased. Interest on Spain’s bond yields edged close to the all important and dreaded 7% mark again, once more raising fears that Spain could go the same way as Greece.
Against the US Dollar the Euro made some headway in Asian trading as the ‘Greenback’ takes a pummelling due to poorer than expected economic data and higher risk appetite from traders.
Currently the Euro is trading in the region of 1.229 against the US Dollar and 0.784 against the British Pound.
STORY LINK Forex Rates Today: Australian Dollar all Time High vs Euro & US Dollar Exchange Rate
The ‘Aussie’ has hit an all time high against the Euro and is soaring against the US Dollar. The currency is also trading at an eleven week high against most of its peers. The currency is being buoyed by the increase in commodity prices, improved investor sentiment and the news that the German central bank is set to start buying local bonds. The German Bundesbank is expected to begin adding Australian Dollar assets including government bonds to its foreign exchange holdings before November. The Bank of Australia’s attempts to lower the currency’s value have failed miserably and even weak business confidence data has failed to drag on the ‘Aussie’.
Currently the ‘Aussie’ is trading in the region of 0.8457 against the Euro, 1.0409 against the US Dollar and 0.6635 against the British Pound.
The Euro continues to take losses against a basket of currencies as confidence in the single currency remains dismally low. Yesterday’s comments by German Chancellor Angela Merkel renewed fears that the euro-debt crisis is about to enter a new dangerous phase and the chances of a member nation leaving the troubled bloc increased. Interest on Spain’s bond yields edged close to the all important and dreaded 7% mark again, once more raising fears that Spain could go the same way as Greece.
Against the US Dollar the Euro made some headway in Asian trading as the ‘Greenback’ takes a pummelling due to poorer than expected economic data and higher risk appetite from traders.
Currently the Euro is trading in the region of 1.229 against the US Dollar and 0.784 against the British Pound.
TAGS: American Dollar Forecasts Australian Dollar Forecasts Daily Currency Updates Dollar Pound Forecasts Euro Forecasts Euro Pound Forecasts Pound Australian Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound New Zealand Dollar Forecasts
Leave a Comment
Related Stories:
- GBP USD Rate Down, GBP AUD Up Ahead Of Fed Announcement - June 19, 2013
- EUR USD Rate Hits 4-Month High, GBP EUR Drops - June 18, 2013
- Euro to Pound Exchange Rate (EUR/GBP) Drops As Greece Fears Escalate - June 18, 2013
- Foreign Currency Exchange Rate Predictions For GBP EUR USD & CHF - June 17, 2013
- GBP EUR Forecast To Gain, GBP USD Exchange Rate Rises - June 17, 2013
- Exchange Rates Outlook: Pound to Euro & Pound to Dollar Down Despite Strong UK Housing Data - June 14, 2013
- GBP EUR & GBP USD Exchange Rate Hinge On Future Central Bank Policy - June 14, 2013
- Foreign Currency Exchange Rate Outlook For EUR GBP And Forecast For USD NZD - June 13, 2013
- Euro Exchange Rate Today: GBP/EUR, GBP AUD & GBP NZD Rates Tumble - June 12, 2013
Latest News:
- Pound Sterling Forecast More Positive As BoE Governor King Steps Down - June 19, 2013
- GBP USD Rate Down, GBP AUD Up Ahead Of Fed Announcement - June 19, 2013
- EUR USD Rate Hits 4-Month High, GBP EUR Drops - June 18, 2013
- Euro to Pound Exchange Rate (EUR/GBP) Drops As Greece Fears Escalate - June 18, 2013
- Foreign Currency Exchange Rate Predictions For GBP EUR USD & CHF - June 17, 2013
- GBP EUR Forecast To Gain, GBP USD Exchange Rate Rises - June 17, 2013
- Exchange Rates Outlook: Pound to Euro & Pound to Dollar Down Despite Strong UK Housing Data - June 14, 2013
- GBP EUR & GBP USD Exchange Rate Hinge On Future Central Bank Policy - June 14, 2013
- Foreign Currency Exchange Rate Outlook For EUR GBP And Forecast For USD NZD - June 13, 2013
- GBP AUD & GBP NZD Exchange Rates Drop - June 13, 2013
Daily Market Updates
Major Currency Forecasts
- Pound Sterling Forecast
- Euro Forecast
- American Dollar Forecast
- Australian Dollar Forecast
- Japanese Yen Forecast
- Swiss Franc Forecast
- New Zealand Dollar Forecast
- Canadian Dollar Forecast
- Norwegian Krone Forecast
- South African Rand Forecast
- Indian Rupee Forecast
- Singapore Dollar Forecast
- UAE Dirhams Forecast
- Turkish Lira Forecast
- Hong Kong Dollar Forecast
Currency Pairs
- Pound Euro Forecast
- Pound Dollar Forecast
- Pound Australian Dollar Forecast
- Pound Yen Forecast
- Pound Swiss Franc Forecast
- Pound NZ Dollar Forecast
- Pound Canadian Dollar Forecast
- Pound Krone Forecast
- Pound Rand Forecast
- Pound Rupee Forecast
- Pound Sing Dollar Forecast
- Pound Dirham Forecast
- Pound Lira Forecast
- Pound HK Dollar Forecast
