The Aussie dollar managed to climb all the way back to where it was trading just before the terror event headlines from Europe came out yesterday evening.
The Australian dollar has recovered from losses suffered after bombings in Brussels.
At 0700 AEDT on Wednesday, the local unit was trading at 76.23 US cents, up from 75.74 cents on Tuesday.
Bank of New Zealand senior market strategist Kymberly Martin said the Aussie initially fell sharply, below 75.60 US cents, late on Tuesday night as news of the attacks hit markets.
Terror attacks in the Belgian capital have killed at least 34 people, with police now conducting raids across the country.
‘The Aussie dollar normally performs quite poorly with an event considered to be quite risk-averse for markets,’ she said.
But, Ms Martin said, the currency had since recovered as the market settled down.
‘It’s managed to climb all the way back to where it was trading just before those headlines from Europe came out last evening,’ she said.
At 7am on Wednesday, 23 March one Aussie dollar was buying:
76.23 US cents, from 75.74 cents on Tuesday
85.62 Japanese yen, from 85.25 yen
67.95 euro cents, from 67.60 euro cents
112.83 New Zealand cents, from 112.57 NZ cents
53.64 British pence, from 52.87 pence
*Currency closes taken at 1700 AEDT previous local session
AAP
