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Discussion in 'Money & Finance' started by John From Moneycorp, Jan 15, 2013.

  1. John From Moneycorp

    John From Moneycorp Foreign Exchange Expert

    The Australian dollar strengthened by a quarter of a cent against the pound and by one cent against the US dollar. Against the New Zealand dollar it was down by three quarters of a cent. Both the Aussie and the Kiwi dollar were helped by news from Japan. The new government there announced another package of stimulus, this one worth ¥10.3 trillion (£72bn). Investors believed it would mean more orders for Australian exports.
     

  2. Moneycorp currency transfers
  3. John From Moneycorp

    John From Moneycorp Foreign Exchange Expert

    Sterling is weak at the moment due to worries ahead of fourth-quarter growth data – this is reflected in the current pound/Aussie dollar exchange rate.

    There is a lot of concern over whether the UK is heading towards another recession - the risk of a downgrade to Britain's triple-A credit rating is also adding to the worries over the UK economy.
     

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