Economic Growth Outlook Boosts Aussie vs. Euro

The Australian dollar rose against the euro fluctuated against the Japanese yen on speculation that global economic recovery gains momentum, attracting investors to the higher yielding currency movements against the dollar is currently closed with losses for the Aussie.
Australian S & P / ASX 200 Index gained 0.9 percent and the MSCI Asia Pacific Index of regional shares advanced 0.9 percent. The Reuters / Jefferies CRB index of commodities rose 0.5 percent yesterday. Economists believe that the prospects for growth could lead to rising interest rates, the Australian currency would strengthen.
Jean-Claude Trichet, President of the European Central Bank, reinforced the optimism of the European economy and for global growth as a result, by declaring that the problems of Europe were overestimated. He said at the press conference in Frankfurt this week:
There is a tendency from the outside to overly pessimistic. The figures confirm this is not pessimism.
EUR / AUD traded near 1.4431 at 7:20 p.m. GMT today after opening at 1.4469. AUD / JPY has risen to 77.59. AUD / USD traded at 0.8759 down from its opening level of 0.8772.
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