The Australian dollar was stronger at noon as high European price increase figures enhanced demand for risk appetite-driven currencies.
Rather than preventive growth, the European data proposes that the US sub-prime calamity is not affecting on other financial systems as much as alarmed before.
About 12pm, the Australian dollar was doing business at $US0.9368/72, high from pervious day close of 0.9285/89.In the morning, the unit traded between a low of $US0.9366 and a high of 0.9397.
The Australian dollar hit a four-week high of $US0.9402 overnight after price increase in Eurozone consists of the 15-member financial systems, was reported to have gone up by 3.6% in the year by March.



















