Category: Currency Currents
- Published: 02 November 2010
- Written by Editor
Action.
There seem a handful of things in play today that are influencing rather mixed price action. Here¡¦s a quick update on how things are going so far today.
- Aussie powered to a new high on a rate hike by the Reserve Bank of Australia the consensus was not expecting. The Aussie is now trading above par against the buck.
- Euro following Aussie higher on better than expected Purchasing Managers reports from the eurozone--the reason given for the move today.