Strong Stockmarket equals Strong Australian Dollar

AUDGBP Strengthens Against but AUD Lower Against USD and EUR

With equity markets at the end of last week strengthening we have seen further movements into the Australian Dollar as investors risk appetite increases. With the talks of what will happen in Europe all eyes will be on the ongoing talks this week.If a bailout plan is reached for Greece we could see further strengthening for the Aussie but the reverse may occur if negotiations do not work.

As Greece gets closer to announcing bankruptcy the Eurozone ministers will be continuing their talks tomorrow in an efforts to agree what measures will need to take place in order for them to receive the EUR31.2bn needed to stabilise the country’s economy.

For up to date information as to how these talks may affect your exchange rates when buying or selling Australian Dollars feel free to email me directly Tom Holian teh@currencies.co.uk