The Australian dollar had a poor start to the week as it fell away from two-week highs against its US counterpart on Monday. This was largely due to Friday’s upbeat US data, which continued to strengthen the US currency’s position going into this week. The Aussie dollar was also lower against the euro, as the EUR/AUD rate dropped to 1.4542.
Monday saw the Swiss franc drop over 1% against the US dollar, as relief over Friday’s agreement on a four month bailout extension for Greece fed appetite for risk. Markets have been hit by growing concerns over a possible Greek exit from the Eurozone, should the country have missed its most recent debt payment.
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