Tuesday 27 September 2011

AUD/USD Hits 3-Day High On E.Z. Bailout Reports

Australian dollar against its U.S. counterpart Tuesday reached a maximum of three days; according to a plan to increase funding in the recovery of the euro area has increased feelings of risk.

AUD / USD pair is the highest since Sept. 22, up 0.33% after a few more consolidated than 0.9866, 0.9905 hit during the last operation in Asia.

Parity 1.0069, March 21 amounted to 0.9690 may find support in September 22 with low resistance.

Officials euro zone finance the spread of concerns about a possible rate loan, reports that the relief funds to explore ways to strengthen the single currency bloc struggles to strengthen market confidence.

On Monday, the EUR440 million senior politicians of the European Central Bank European Financial Stability provides more money for the European Central Bank, can be used as collateral for the debt, he said.

Meanwhile, the Australian dollar EUR / YTL 1.3711 against the euro and rose to hit a loss of 0.39%.

Later in the day, a report of U.S. consumer confidence would be released. Member of the Federal Open Market Committee Tuesday for a speech by Richard Fisher as well.

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