Australian Dollar | Latest Australian Dollar Exchange Rate News
Pound Australian dollar exchange rate edges higher, but the force remains with the Aussie and New Zealand dollar's
- Details
- Category: Australian Dollar
- Published on Friday, 17 February 2012 10:16
- Written by Sam Coventry
The pound has edged higher against the Australian dollar (Currency:AUD) but has failed to advance against the New Zealand dollar this morning. The latest GBP, AUD and NZD spot rates are:
The pound Australian dollar exchange rate is 0.09% higher on yesterday at 1.4711 while the pound New Zealand dollar exchange rate is 0.21% lower at 1.8934.
The GBP/AUD pair remained range-bound close to its recent record lows, with positive comments from the aussie Treasury Secretary supporting AUD.
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Australian Treasury Secretary Parkinson attracted plenty of focus by stating that the AUD would remain strong for the foreseeable future, in no small part due to A$400 billion worth of planned mining investment in the coming years.
"The AUD is still benefitting from the recent positive Australian employment data, which in addition to a Greek deal early next week (hopefully) is likely to send this pair lower," says Richard Driver, analyst at Caxton Fx.
The pound sterling lost a little ground against the New Zealand dollar thanks to a bullish statement from RBNZ Governor Bollard.
The head of the NZ central bank gave the NZD another push last night with an upbeat assessment of the New Zealand economy.
Bollard asserted that official data understates New Zealand’s economic performance. In addition, the market responded positively to strong US data and encouraging Greek headlines and targeted the kiwi dollar.
GBP/NZD is trading down at 1.89 again and we may see another push lower today.
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