Aussie came under heavy selling pressure yesterday as traders took falling equities as a sign to book profits

A raft of profit taking in higher-yielding currencies enabled a weak pound to gain ground against the aussie in trading yesterday, closing nearly a cent and a half up.

• After Wednesday's consolidation, markets reverted to selling risk yesterday amid much talk of early position unwinding for year-ends.
  
• Having been one of the year's best performing currencies, investors hurried to lock in profits in the aussie, with declines in both oil and gold reinforcing support for the lower-yielding currencies.
  
• Analysts gave noted that whilst the aussie is likely to remain strong going into next year with global interest rates still low, the Australian dollar is susceptible to further downward pressure as profit taking increases in the final weeks of the year.
  
• In trading this morning the aussie is recouping some of its losses, currently trading around half a cent higher hovering below 1.81.