THE Australian dollar is higher as
the focus of global markets remains on Greece as the country scrambles
to prevent a debt default and a possible exit from the eurozone.
At 0630 AEST on Wednesday, the local unit was trading at 77.08 US cents, up from 76.71 cents on Tuesday.
Overnight, eurozone finance ministers declined to extend Greece’s bailout, just hours before its expiry and a possible IMF default.
However, talks will continue after Athens asked for a new aid plan.
CURRENCY SNAPSHOT AT 0630 AEST ON WEDNESDAY
One Australian dollar buys:
* 77.08 US cents, from 76.71 cents on Tuesday
* 94.35 Japanese yen, from 93.90 yen
* 69.23 euro cents, from 68.72 euro cents
At 0630 AEST on Wednesday, the local unit was trading at 77.08 US cents, up from 76.71 cents on Tuesday.
Overnight, eurozone finance ministers declined to extend Greece’s bailout, just hours before its expiry and a possible IMF default.
However, talks will continue after Athens asked for a new aid plan.
CURRENCY SNAPSHOT AT 0630 AEST ON WEDNESDAY
One Australian dollar buys:
* 77.08 US cents, from 76.71 cents on Tuesday
* 94.35 Japanese yen, from 93.90 yen
* 69.23 euro cents, from 68.72 euro cents
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