Aussie jumps on RBA surprise

TOKYO, Feb 7 (Reuters) The euro nudged lower on Tuesday canada goose in Asia, though most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day.

The Australian dollar jumped a full cent to a six month peak at $1.0812 and reached a record cheap canada goose uk high on the euro after the canadagoosejacketsalesca Reserve Bank of Australia Canada Goose Coats On Sale in a surprise move kept interest rates steady at 4.25 percent.

Failure to secure the 130 billion euro ($170 billion) rescue for Greece would risk a messy debt default and destabilise the entire euro zone, an outcome deemed too extreme to contemplate by canada goose uk shop many experts.

These canada goose clearance sale hopes have kept euro bears in check for now, resulting in a volatile but resilient single currency. The euro stood canada goose uk black friday at $1.3108, a tad below canada goose coats late New York levels. A recovery from $1.3027 hit overnight kept it not far from a six week high around $1.3233 set last week.

$1.3230 area has proved strong resistance on a number of occasions, uk canada goose so once the Greek deal is reached the canada goose store euro will most likely test it again, said canada goose factory sale Teppei Ino, currency analyst at Bank of Tokyo Mitsubishi UFJ.

Analysts at Nomura Securities also Canada Goose sale said they would not cheap Canada Goose be surprised to see a squeeze higher in the euro in the very short term on the back of the extremely elevated speculative short positions.

European Union officials say the full package must be agreed with Greece and approved by the euro zone, European Canada Goose Jackets Central Bank and International Monetary Fund before Feb. 15 to allow for Canada Goose Parka complex legal procedures involved in the bond swap to be completed by a March 20 bond redemption.

my canadian goose jacket sense is that the 1.3230 barrier canada goose coats on sale will hold anyway. Once we get there people are canada goose uk outlet going to think beyond the agreement and re focus on the still bleak outlook for the euro zone, Ino continued.

Chartists said that possible renewed weakness in the euro may push it through support at $1.3020 which could see it drop to the Jan. 25 low of $1.2931 and then to $1.2857 a 61.8 percent retracement of its January rise.

THE CUT THAT NEVER WAS The Aussie dollar gained broadly as much of the market had been wagering on a rate cut. In a brief statement after its monthly policy meeting, however, the RBA did leave the door open to an easing buy canada goose jacket if domestic demand weakened further.

A jump in the Aussie saw the euro fall to a record low at A$1.2124.

the dollar and euro don have interest rates, there Canada Goose online are not many things buy canada goose jacket cheap to buy for investors and the Aussie remains the currency of Canada Goose Online choice, says a trader at a Japanese brokerage.

The euro could fall to around A$1.20 uk canada goose outlet while the Aussie is likely to retest a high of canada goose clearance $1.10 touched last July, the trader said.

It was well bid after Japan Finance Minister Jun Azumi said the country followed up its record yen selling intervention last year with covert operations and that it is ready canada goose jackets to step in canada goose black friday sale again to counter speculative moves.

Tokyo spent roughly 1 trillion yen ($13 billion) in early November on undeclared forays into the currency Canada Goose Outlet market.

Spreads on dollar/yen risk reversal are rising in favour of dollar calls, with some players buying dollar calls as they bet on intervention by Japan. One month dollar/yen risk reversal spreads are bid at 0.02, compared to 0.3 in favour of dollar puts a week ago. (Additional reporting by Hideyuki Sano in Tokyo, Ian Chua and Reuters FX analyst Krishna Kumar in Sydney; Editing by Joseph Radford).