Aussie dollar comes off highs

The Australian dollar remained just off recent highs as stocks ended on a downward note late on Friday. After a recent strong run on equity markets investors remain cautious over any potential further gains. Much of this week’s direction is likely to be driven by the upcoming G20 meeting on Thursday. Both the Australian and British leaders are calling for a more coordinated approach to stimulating the world economy. However, it remains to be seen whether all the participating countries can agree on a workable consensus.