The Australian dollar advanced today as risk appetite returned to the Forex market, increasing the attractiveness of the currencies with
The impressive Thanksgiving sales in the United States and the improving sentiment about the situation in the European Union returned to FX market participants willingness to risk. It’s hard to predict how long such positive mood would hold, but for now currencies related to growth and commodities profited from the improving outlook and the Australian currency was among them.
There are reasons, though, to believe that the optimism wouldn’t last long, as it has happened before. The European governments haven’t found a
AUD/USD rallied from 0.9818 to 0.9911 as of 23:12 GMT today after touching the daily high of 0.9975. AUD/JPY was up from 76.17 to 77.35, while the intraday maximum was 77.79. EUR/AUD fell from 1.3563 to 1.3432.
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