Australian dollar drops as European debt turmoil increases yields

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy

Australian Dollar fell against US Dollar and Japanese Yen as European officials struggle on tools to stop debt crisis, boosting demand for assets with higher borrowing costs. Australian Dollar lost 0.3% reaching $0.9701 in Sydney evening trade. New Zealand's Dollar remained unchanged. Thomas Averill predicts Aussie to plunge to $0.9550 in forthcoming weeks. AUD/USD is currently trading at $0.9711.

Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.