Invincible Aussies, Oil Prices in Libya

Monday, 21 March 2011 02:51

Words seem to speak louder than actions for the G7 assemble, as the American currency demonstrates signs of fragility lower than anticipated.

The nuclear disaster in Japan persists and the oil prices swell higher as the crisis in Libya increases over the past few days.

Australia is back to parity and climbed over the 100d median with stable constant buying of currency the past days, decently rebounding from their Thursday low of 0.9706 proving invincible yet again.

The precious metal, Gold, appears to be holding steady as it reaches its 5 days high at 1429.3/ounce.