Bell FX Currency Outlook: Australian Dollar peaks at a 2-week high as the United States avoids a fiscal cliff.
Australia: The Australian Dollar extended its rally seen late in the Asian session as US lawmakers finally reached a deal to extend unemployment benefits and tax cuts for 99 per cent of Americans.
The local unit traded back above 1.0500 against the Greenback in overnight trade as US Congress approved a bill rolling back a package of tax hikes and spending cuts that had threatened to push America back into recession.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
