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.

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.