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$A once again higher on $US weakness

From thebull.com.au

The Australian dollar is back above 79 US cents - just. At 0635 AEDT on Monday, the Australian dollar was worth 79.08 US cents, up from 78.79 US cents on Friday. The US dollar fell to a more-than-three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce stimulus. The euro's rise weighed on the US dollar index, which measures the greenback against six rival currencies, Reuters reported "The index was down one per cent, after slipping to a four-month low of 90.954," it said. The Aussie dollar is also higher against the yen but has fallen ... (full story)

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  • Category: Fundamental Analysis