AUD CAD Updates

As the price of oil climbed above $73 a barrel, it lifted the commodity reliant currencies such as the Australian Dollar. The price of oil has risen to a level that is the highest in close to nine months and the prospects are good for the near term future. Russian gas giant Gasprom predicted the price of oil would rise to $250 a barrel, a number that many considered laughable, but nonetheless it did enough to boost oil for another day.

At 11:50PM GMT, the Aussie was trading up 1.2% to the Euro, up 1.7% to the Japanese Yen to 79.99 and up 1.5% to the Canadian Dollar. The Australian Dollar fell to the New Zealand Dollar after the Central Bank in that country left interest rates unchanged.