Tuesday, September 11, 2012

Reuters: US Dollar Report: Aussie dollar rises to nearly 3-week high vs US dollar

Reuters: US Dollar Report
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Aussie dollar rises to nearly 3-week high vs US dollar
Sep 11th 2012, 15:01

NEW YORK, Sept 11 | Tue Sep 11, 2012 11:01am EDT

NEW YORK, Sept 11 (Reuters) - The Australian dollar rose to a nearly three-week high versus a broadly struggling greenback on Tuesday, boosted by increased expectations the Federal Reserves will announce further easing measures this week to boost the U.S economy.

The Aussie dollar also traded past a key US$1.04 options barrier that had capped it the last few weeks. It traded as high as US$1.0442, its strongest level since Aug. 24, and was last at US$1.0440, up 1 percent.

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