$A passes 105 US cent after Eurozone deal

On Thursday 27 October 2011, 16:23 EST

The Australian dollar has passed the 105.00 US cent mark for the first time since September 9.
The local unit has risen more than one US cent since it was announced that European leader made a breakthrough in coming to a resolution to their government debt crisis.
The Australian currency was at 105.20 US cents by 1621 AEDT, up from 104.12 cent at midday before the deal was announced.
The Australian dollar ended the local session on Wednesday at 103.74 US cents.
European leaders clinched the deal to pull the eurozone from the brink by convincing banks to take a 50-per cent writedown on Greek debt and increasing their bailout fund to one trillion euros.

21 comments

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Lord Ian of Glencoe 36 minutes ago Report Abuse
@Christina ....Ignore him , he's a Hypocrite , he critices others for their spelling and yet is hopeless himself ! He's a Wombat !
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Danny 1 hour ago Report Abuse
What a pack of whinging losers , I'm All Aussie , and happy with what I have . Does 0x0=O , best way to be !
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simo 1 hour ago Report Abuse
I sypathise with Slobby. One minute the market is down because the european eceonomy is dead, the next day up and so on till it eventually all collapses. How can you run businesses if you have to hedge against the spin that is put out to keep financial intermediaries and economists in jobs? Greed drives everything in this world.
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A Yahoo!7 User 1 hour ago Report Abuse
slobby scab and 15 c in pocket
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juleen 1 hour ago Report Abuse
Lord Ian of Glencoe is right the dollar is up and down like a prostitutes knickers!!!
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aaron 1 hour ago Report Abuse
Chis, Shall I sue my english teachers or my parents for my poor english skills?
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chanita 1 hour ago Report Abuse
105 cent more than I have at the end of the week
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Christina L 1 hour ago Report Abuse
Sorry SlobbyDon, please endeavour to get your english correct," Bought "is not brought and know is not spelled know it is "now".
Serves you right for gambling your money and why should your poor customers be ripped off by you because you lost money.
Grow up.
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slobby Don 1 hour ago Report Abuse
lord scab, how do you think i feel. i brought 300k at 1 usd and 38k at .96 usd. slobby has taken a hit . i know have to rip into my custmers more to cover losses. this is slobby (live from bencoolen sigapore) your leader
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Lord Ian of Glencoe 2 hours ago Report Abuse
The Friggin dollar has more ups and downs than Hugh Heffner on viagra !
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Thursday, 27 October 2011