Aussie dollar follows euro higher

The Daily Telegraph Monday 16th April, 2012

At 7am AEST today, the currency was trading at 103.56 US cents, up from 103.27 US cents yesterday afternoon.Westpac New Zealand senior currency strategist Imre Speizer said increased demand for the euro, which rose more than one cent against the US dollar overnight, rubbed off on the Australian dollar."The euro is quite short so there seemed to be a fairly strong short-covering move overnight which has rubbed off on some of the risk currencies," ...

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