February 24, 2010, Australia – The Australian dollars has recently gain their currency close one US cent higher, according to AEDT, the Australian dollar was trading at 90.07 US cents, up 1.12 per cent from Friday’s close of 89.03 cents from 5pm, then at exactly 7am the local unit traded between 89.89 US cents and 90.23 cents.

This has been the higher currently that the Australian dollar have achieved against the euro dollar, in which take a closer nudge in a 25-year high against the pound.

According to Tim Waterer a CMC Markets foreign exchange dealer, said the Australian dollar have been doing a good well in line with the euro and pound. Most of the investors have been attracted to what their economy has been doing a good job.

“It does seem to be outperforming them based on the interest rate outlook here as opposed to the interest rate outlook in that particular region. Once again the Aussie has reclaimed that 90 US cent level against the US dollar, “he said.

With the strong financial and resources with their stock markets, the Australian markets shares is increasing their business deal. If this continues growing the results is definitely a tremendous rise on their market profits. From the figures reported the benchmark S&P/ASX200 index has been increased to 82.4 points, or 1.78 per cent, at 4,717.5 points, at the same time as the broader All Ordinaries index rose 76.4 points, or 1.64 per cent, to 4,732.7 points.

The Sydney Futures Exchange with the 10-year bond contract of 94.360, down from Friday’s close of 94.380, however the three-year bond futures contract was at 95.030, down from 95.050.

Source:
news.com.au