The Australian dollar has strengthened after it was reported in the Guardian newspaper that France and Germany were ready to boost the eurozone's rescue fund in a bid to address the public debt crisis.
The markets are very fragile currently, therefore any news is having an impact on currencies – in this case, the suggestion of a solution to the debt crisis sparked interest in the Australian dollar (making it strengthen).
Some positive data was also released which illustrated how the Australian economy will perform over the next few months – this also boosted the Aussie dollar.
Last edited: Oct 19, 2011