The rally of the Australian dollar continues and the Aussie traded near the parity with the greenback today as the Asian stocks gained, suggesting the global recovery is gaining momentum.
The MSCI Asia Pacific Index of regional shares advanced 1.8 percent today, while the Standard & Poor’s 500 Index gained 0.7 percent yesterday to the highest level since May 3rd. The riskier currencies, including the Australian dollar, were also supported by the forecast that the report would show tomorrow the US retail sale grew.
AUD/USD traded near 0.9952 as of 12:46 GMT today after it opened at 0.9903 and reached the intraday high of 0.9993.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
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