The Currency Converter

Australian and New Zealand Dollar Rate Update

November 22nd, 2010

The Australian Dollar rose to the highest level in a week against the U.S Dollar and registered sharp gains against the majority of the major currencies, as global risk appetite improved following Ireland’s request for a bailout. The move will help boost demand for growth-sensitive currencies and the New Zealand Dollar also gained to a six month high against the Yen, after the Irish prime minister Brian Cowen said that he expects talks on the bailout package to be concluded over the coming weeks. The ‘Kiwi’ also gained towards the highest level in a week versus the U.S Dollar, before a U.S report tomorrow that is expected to reveal a slowdown in existing home sales.

Written by Adam Solomon

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