Daily Forecast - 26/11/2009

25 November 2009 @ 04:30 pm EDT

:: Australian Dollar: The Australian Dollar opens higher today at 0.9310 after a positive local session. Support held on Wednesday morning at US92 cents followed by a steady climb during Asian trade to an intraday peak of 0.9252. The Aussie was buoyed by a recovery in domestic equities and comments by Reserve Bank of Australia deputy governor Ric Battellino that a recent rebound in economic activity in Asia was positive for the nation. Attention soon turned to offshore events and a range of positive U.S. data had traders eschewing safety and heading into the Euro and high-yielders. The Euro hit a 15-month high against the greenback and the Aussie followed it higher late in the New York session briefly touching 0.9317.

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