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Euro Climbs To New Multi-month High Versus Aussie

Extending its previous session's uptrend, the European common currency advanced further against the Australian dollar in New York late afternoon deals on Friday. The euro climbed to a fresh multi-month high of 1.2888 versus the Aussie by about 3:25 pm ET from yesterday's closing value of 1.2816.

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Forex News

A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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