| Bid | Ask |
|---|---|
| 9:37 PM | |
| 1.0645 / | 1.0649 |
| Low | High | |
|---|---|---|
| 24h | 1.0601 - | 1.0668 |
| Week | 1.0436 - | 1.0683 |
More Near real time rates - Not to be used for trading purposes.
Australian Dollar: With most of the country focused on lighting the BBQ and chilling the beer, the Aussie dollar had a relaxing Australia Day, for its onshore session at least. Moving marginally higher from its opening levels, it trading across to London hours just above 1.0600 before an announcement from Russia’s central bank broke the Aussie from its range. Deputy Chairman Alexei Ulyukayev indicated the Bank of Russia may start to buy the Australian Dollar as an international reserve currency as soon as February this year. Pushing the Aussie to nearly 3-month highs above 1.0670 was this news in combination with Federal Reserve policy to keep US interest rates at record lows through until at least late 2014. Profit-taking of long positions has seen the local unit fall back slightly to start the Asian session at 1.0620.
We expect a range today of 1.0580 – 1.0670
New Zealand Dollar: The New Zealand Dollar has risen against the Greenback overnight, as a pledge to keep US interest rates suppressed until 2014 weakens the mighty dollar. For a currency that derives a lot of its strength from interest rate yields, this increased differential sent the Kiwi to ... read more
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