Hi all I’ve had a few requests from members asking for a regular currency update on the Euro/Australian dollar. It appears lots of you have money transfer requirements from Euros into Aussie dollars and vice versa. Please see below for the latest update – thanks. The Euro vs Australian dollar The Aussie dollar put in a better performance, strengthening by three quarters of a cent against the euro. That only neutralised half the previous week's loss but it did show that the Australian dollar can go up as well as down. Neither Euroland nor Australia offered much in the way of useful economic data. Investors had to make do with tedious statistics such as the 7.1% increase in Australian vehicle sales and the rise in euro zone inflation from 1.4% to 1.6%. The Australian dollar's main boost came from Washington, where the US central bank chief was trying to play down fears of an early end to the $85bn-a-month he is currently pumping into the American economy. He reassured investors that the money tap will remain fully open for the foreseeable future, helping not only the US economy but also that of China, the country that buys the bulk of Australia's iron ore and coal exports.