The Aussie dollar put in a mixed performance overnight, losing ground against the greenback but gaining against the yen amid mixed equity markets.
The local unit shed 0.4% against the greenback to settle at 1.0700 at this morning’s NY close and advanced 0.7% against the yen to settle at 83.83.
Today the Aussie has firmed significantly, currently trading around 1.0745 after China said it will help resolved Europe’s debt crisis.
The country with the world’s biggest currency reserves is ready to participate in programs including the European Financial Stability Facility, People’s Bank of China Governor Zhou Xiaochuan said in a speech today, echoing comments made yesterday by Premier Wen Jiabao.
Overnight the euro was mixed like the Aussie, losing ground against the greenback but positing gains against the yen.
The 17-nation currency shed 0.5% against the US dollar to settle at 1.3200 but added 0.6% against the yen to finish at 102.92.
Today the euro rose to its highest in two months against the yen after the People’s Bank of China said the nation will participate in resolving Europe’s debt crisis, boosting demand for higher-yielding assets.