Bet on the Aussie Dollar

Online bookmaker Sportsbet have released a range of betting markets on how the Australian Dollar will fare against the major currencies this year. Punters can predict what heights the Aussie Dollar will reach against the Pound, the Euro and the US Dollar in January, and for the whole of 2010.

“Our analysts believe the Australian Dollar is in for a very good year, particularly against the Greenback,” said Sportsbet.com.au’s Haydn Lane.

“Odds for the Australian Dollar reaching parity with the US Dollar in 2010 opened in November at $3.00, ballooned out to $6.75 on New Year’s Day and is now into $4.50 on the back of strong betting over the past week.

“We’re less bullish on the Aussie Dollar reaching 60 pence this year. Punters wishing to cheer on the Dollar against the Pound can get $6.00 on this happening.”

Sportsbet.com.au has also opened betting on the next RBA Interest Rate decision, scheduled for February 2.

“On the back of recent strong economic data, we’ve now installed a 0.25 percent rise as a $1.50 favourite, with $2.00 on offer for rates to remain unchanged and $15.00 on a half a percent rise,” said Lane.

Bet on all these markets today at Sportsbet. If you don’t have an account there, you can register through the link below and also claim yourself a $300 Free Bet for registering through our Blog!