Aussie dollar reaches record highs against U.S. dollar
Sydney, Australia (AHN) – The Australian dollar continued to surge higher in currency trading on Thursday reaching an all-time high in value against the U.S. dollar.
Trading saw the Australian dollar reach $1.0764 against the dollar with predictions it will climb to $1.10.
The $1.0764 figure was the highest value against the U.S. dollar that the Australian dollar has reached since it was allowed to float in value in 1983.
Trading has pushed the Australian dollar up 10 cents in currency pair trading against the dollar since mid-March.
In the meantime, the U.S. dollar has fallen in value against most of the world’s major currencies since Wednesday when Standard and Poor’s issued a warning on U.S. government debt being too high.
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