The Australian Dollar fell to a three-and-a-half week low against its American relation as traders claimed that the currency weakened thanks to its current weakness against the Euro. So far the ‘Aussie’ has weakened by 0.2% falling to its lowest level since January 4th.
Heavy selling of the ‘Aussie’ caused the currency to weaken to a three-week low against the Euro. Traders have begun to reverse their bets that the Australian economy will remain strong, and that the Eurozone would remain mired in recession.
The ‘Kiwi’ has weakened against the Euro after the single currency continues to perform strongly on the wave of optimism emerging out of Europe. The currency will not make much movement today due to a national holiday closing the market.
The Australian Dollar to Euro exchange rate is currently trading at 0.7729
The Australian Dollar to Pound exchange rate is currently trading at 0.6606
The Australian Dollar to US Dollar exchange rate is currently trading at 1.0395
The Pound to Australian Dollar exchange rate is currently trading at 1.5134
The Euro to Australian Dollar exchange rate is currently trading at 1.2943
The US Dollar to Australian Dollar exchange rate is currently trading at 0.9622
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