The Australian dollar started the week with an incline movement against its all major counterparts as European debt crisis will ease, pushed the investors to buy high yielding currencies such as the Australian dollar and the New Zealand dollar.
Moreover, the Aussie rose versus the US dollar on concern the U.S. economy to slow in the current period, supported to increase the demand for Australian dollar. Aussie traded near three week high before the Australian economy report that will release its job advertisements in May, recorded the highest level at 1.0755 and the lowest level at 1.0705.
On the other hand, the New Zealand dollar also inclined the greenback before a report tomorrow forecast to show U.S. economic optimism fell this month. U.S. payrolls grew at the slowest pace in eight months and the jobless rate climbed. The NZD/USD pair rose, recorded a high of 0.8168 and a low of 0.8145.