Australian Dollar steps higher on expectatios that the U.S. can avoid fiscal cliff

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Australian Dollar, so called Aussie, increased by 0.3% to $1.0369 in late Sydney trading session on Monday. The Aussie advanced against most of its major peers, as the U.S. President Barack Obama showed confidence, that the U.S. will be able to avoid the fiscal cliff. The President said that he is confident about solutions of the fiscal situation and that boosted stocks markets and demand for higher risk assets, which also contain the Australian and New Zealand Dollars.
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