Greek news boosts the Australian Dollar

AUDGBP Bounces After Setting Lows for the Year

After a few days of losses for the AUD the currency strengthened as news of the Greek austerity measures being passed hit the currency market. The news helped to boost more riskier assets including the Australian Dollar. Whilst the domestic ecnonomy down under continues to thrive the currency is likely to stay at these levels for quite some time. Tomorrow final plans for the Greek austerity measures are to be decided and the news about whether or not the next tranche of funding will be made available from the EU bailout fund to the tune of €130bn. Happy Valentines!

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