Guest John From Moneycorp Posted January 14, 2013 Share Posted January 14, 2013 The Australian dollar strengthened by a quarter of a cent against the pound and by one cent against the US dollar. Against the New Zealand dollar it was down by three quarters of a cent. Both the Aussie and the Kiwi dollar were helped by news from Japan. The new government there announced another package of stimulus, this one worth ¥10.3 trillion (£72bn). Investors believed it would mean more orders for Australian exports. Quote Link to comment Share on other sites More sharing options...
Guest John From Moneycorp Posted January 21, 2013 Share Posted January 21, 2013 Sterling is weak at the moment due to worries ahead of fourth-quarter growth data – this is reflected in the current pound/Aussie dollar exchange rate. There is a lot of concern over whether the UK is heading towards another recession - the risk of a downgrade to Britain's triple-A credit rating is also adding to the worries over the UK economy. Quote Link to comment Share on other sites More sharing options...
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