FX : Gold above 1,000; AUD/USD rally continues to post 1-year high
FXstreet.com (Barcelona) – The Australian dollar has continued today with its rally against the Greenback from 0.8235 at the beginning of September to post 0.8640 as highest level since the August 2008, today on the back of the recent gold rally which post the metal above 1,000 level.
Today, AUD/USD has risen around 125 pips from intra-day low at 0.8515 to post 0.8640. Currently the pair is trading around 0.8625/35, 0.90% above today's opening price action.
Aussie has been fueled by risk appetite on the back of the G20 announced to hold its economic crisis's measures and the recent oil and gold rally. Asian and European markets are higher too and US futures rallies.
Gold has risen 0.90% so far today to trade above 1,000 level, close to 1,005. Oil barrel has jumped 2.45% to trade around 69.70.
NZD/USD has risen to post 0.6975 as fresh 1-year too, currently pair is trading around 0.6950/60.
