Daily Forecast - 15/3/2010

14 March 2010 @ 06:59 pm EDT

:: Australian Dollar: The Australian Dollar opens higher at 0.9180 as the greenback and Yen weakened on Friday night and markets move back into currencies linked to economic growth. The Aussie was range-bound during Friday's local session (0.9135 - 0.9155) ahead of several attempts in Europe to break through the six-week high around 0.9190. The currency rode on the coat-tails of a stronger Euro (1.3750) which hit a one-month high against the greenback as Greeces plan to cut the Euro-regions largest budget deficit looks like winning the support of investors and credit-rating agencies. Consequently, the local unit has pulled back a shade from the recent dizzy heights against both the Euro (0.6670) and?Pound Sterling (0.6042).

For more information, go to www.ozforex.com.au

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