Australia hits a new 29-year against the U.S Dollar trading in the forex market at 1.0599. Aussie rose from a low of 1.0442 to spike another high price of almost 3 decades, the previous high was 1.0577.
Australian export prices hopped 5.2% in the first quarter.
The Euro rose against the Dollar as well to 1.4387, by 0.4%, The European currency is gaining support from ECB's interest rate hike speculation and recent business activity, PMI data, from France and Germany; which are going strong. Other than gaining against USD, the EUR gained against JPY as well; climbing 0.8% to 119.27.
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