SCOREBOARD: Top dollar

European woes failed to dampen the Australian dollar and euro, which rose on positive US data overnight.

Reasonably solid US economic data looks to have given a decent lift to sentiment overnight, with US equities getting a decent bid, while the Australian dollar and euro both pushed higher. As I write, the Australian dollar is sitting just above 1.04 (1.0410 to be precise), which is about 20 pips higher than at 1630 AEDT yesterday and down from a session high of 1.0428. The euro is up about 70 pips to 1.2841, while sterling is up 80 pips to 1.5426 and yen little changed at 76.82.

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