The Australian
dollar has hit a new high against the euro as the local currency becomes
increasingly popular as investors chase high-yield assets. The dollar was buying a record 85.17 euro cents
overnight and also reached 104.46 US cents against the greenback - its highest
level since the end of April.
PHOTO: The Australian dollar hit a high of 85.17 euro cents overnight.
High interest rates compared to those in
Europe, the US and Japan, as well as Australia's triple-A credit rating have
encouraged investors looking for higher returns.
(Really just wanted to get off that '666' post number lol!)
6 comments:
I was so ticked to see the euro gaining strength against the US $. When I was in Paris last year with my granddaughter I think I was nearly giddy with excitement on the rare days the euro hit 70 against the $. Now is the time to visit France kiddies!
Ha, on the 666 post, YOU !
This is disturbing, but not really a surprise, yes?
So should I invest in some Aussie dollars?
BTW, thank you for your information about the origin of dragoons... I've added a bit more information in my comments section.
luckily I have no interest with Euros, as Britain still has the good old pounds and pence.
Gill in Canada
strid - anytime is a good time to visit France, especially Paris and the South of France. lol!
Maria, no surprise. The Aussie$ has been higher than the US$ for quite a while - good for the US if it attracts 'cashed up' US tourists, especially on their way to or from the London Olympics.
Sham, investing, especially in currency, has long been a good 'game' - I know English migrants living in Australia who earn their periodical airfares home from trading their 'sly kick' fund on the money market.
Gill, you can still make a few pence trading your Canadian $'s against the Yankee$ - you are well placed to do so.
Cindy, 666 no more, no more LOL!
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