Dollar hits two month low against the euro
The US dollar hit a two month low against the euro today, as investors turned to more riskier currencies, this boosted the Australian dollar to its highest level against the greenback since September 2008.
The Australian dollar rose by 1.3% finishing the session at $0.8339 and the New Zealand dollar also ended the session at a 10 month high of $0.6635 against the US dollar.
The euro also took advantage of the risk appetite rising 0.3% against the dollar to $1.4280 after hitting a high of $1.4305, whilst the Canadian dollar hit its highest level against the US currency this year of C$1.0750.
Investors now await some key economic data from Europe, as well as US house price data for May, with analysts predicting that the struggling housing market may be over the worst of its slump.