Australian dollar reaches six-week high

The Australian dollar has reached a six-week high following statements made by the US Federal Reserve. The dollar traded at $US1.03 early this morning, and was trading there at 12.00 AEST. While Fed chairman Ben Bernanke ruled out the possibility of more quantitative easing, further comments made during a Q&A session left the option open, […]

Jaclyn Densley 18 July, 2012

The Australian dollar has reached a six-week high following statements made by the US Federal Reserve.

The dollar traded at $US1.03 early this morning, and was trading there at 12.00 AEST.

While Fed chairman Ben Bernanke ruled out the possibility of more quantitative easing, further comments made during a Q&A session left the option open, giving hope to investors.

This article first appeared at SmartCompany.