From todays SMHUpdate Hopes that Greece may be able to avoid a...

From todays SMH

Update Hopes that Greece may be able to avoid a default on its debts have sent the Australian dollar soaring, with the local currency hitting its highest against the UK pound since early 1985.

The Aussie dollar surged to 66.68 pence in recent trading. It also jumped against other major currencies, surging to almost $US1.074 and jumping above 74 euro cents and 86 yen.

Read more: http://www.smh.com.au/business/markets/dollar-hits-26year-high-versus-pound-after-greek-vote-20110630-1gro1.html#ixzz1QjQ3xp5f