Experts have said that the Australian dollar is set to go for a weekly gain as against the greenback and Japanese yen. And now since the EU talks are going to go underway where they will decide how to create a permanent crisis- management system, demand has been boosted on high-yielding assets.

At present, the Australian currency is already on its 7-month high against the American and Asian currencies. This happened after reports showed that US claims in jobless benefits fell down by unexpected levels. The housing rates have started to go up and this means that the largest economy has started to show signs of recovery.

Also, New Zealand's dollar has gone down to its 11-week low after S&P in its ratings increased the ones given to China. Since China is a key trading partner for both the countries, visible changes appeared in their currencies.

Experts said that since US economy is going up it means there is growth opportunity for demand related economies like Australia and that is why the currency has shot up lately. They also believe that it would continue to do so.