Wednesday 28 September 2011

AUD/USD Falls On New Euro Zone Bailout Worries

Australian dollar was lower against its U.S. counterpart on Wednesday, Greek reports of divisions within the euro area in terms of recovery, such as poor market sentiment.

AUD / USD, day late Asian trading at low speed, then the pair consolidated 0.9879, 0.9844 0.36% hit.

Double-high 0.9985 on Tuesday at, 0.9690 September 22 and resistance is likely to find the lowest support.

Market sentiment, a rescue plan for Greece seconds EUR109 information on conditions in the euro area, a split among the European leaders addressed the debt crisis has added to concerns, as he was beaten.

Meanwhile, the Greek Parliament, one of the countries closer to get more financial support and avoid a possible failure, on Tuesday night passed a law on property taxes.

At the end of the day, the European Fund for financial stability in Finland was the realization of the potential increase in the vote.

Also Wednesday, the data industry in Australia new home sales down 8% after one month, rose 1.1% in August.

Meanwhile, the Australian dollar trading at 1.2574, AUD / NZD 0.04% to New Zealand dollar rose against the inching.

Later Wednesday, a U.S. raporuFederal Reserve, Ben Bernanke, scheduled to speak at the same time order for durable goods, to be published.

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