Tuesday, March 9, 2010

Australian, New Zealand Dollars Strengthen

Australian, New Zealand Dollars Up

As concerns over the sovereign default of Greece dissipate or at least are discounted into the market, the Australian and New Zealand Dollars have responded by increasing in value.

The lack of concern isn't because the situation in Greece has actually improved, but rather that the European Union is sending stronger signals that it's ready to bailout the country if it comes down to that.

Australian, New Zealand Dollars Up

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