The Australian dollar has soared against the US dollar, passing $1.05 overnight. Switzerland has announced that it is adding the Australian dollar to its reserves and started buying around 9 months ago.

The Australian dollar has soared against the US dollar, passing $1.05 overnight. Switzerland has announced that it is adding the Australian dollar to its reserves and started buying around 9 months ago.

Posted By :Greg McKenna on:7/31/2012 7:14:00 AM. One day down 4 to go this week and the tension is building in markets as the euphoria of last week gives way to a little uncertainty about whether or not and when the ECB can start buying Spanish bonds.

AAP. The Australian dollar is a third of a US cent higher, as the market awaits hoped for debt easing measures by the European Central Bank (ECB) at its meeting on Thursday.

THE Australian Dollar began trading last week Monday the 23 July around the 1.505 mark against the British Pound and 0.963 to the US Dollar.

The obvious risk to the Australian dollar is that global central banks fail to provide the stimulus markets are expecting. Expect the AUD to be one of the most apt expressions of this disappointment should it materialise.

AUD/USD: Australian Dollar Rises On Nowotny's Comment On ESM Banking Licence. For the 24 hours to 23:00 GMT, AUD strengthened 0.91% against the USD to close at 1.0310, buoyed by comments about the possibility of a Euro-zone bailout solution.

Currency traders may now hedge their positions with the new ProShares leveraged and inverse Australian dollar exchange traded funds.

Currency traders may now hedge their positions with the new ProShares leveraged and inverse Australian dollar exchange traded funds.

Jamie, limit entry long EURUSD 12155, stop 12040, target 12550. John K. Long: USDJPY, EURCHF, GBPCAD; Short: GBPUSD, AUDNZD; Potential: EURUSD, AUDUSD, NZDUSD, etc.