DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic

FX News

Most recent FX News:

Read more

The AUD sees continued pressure from the US dollar.

Written by Sam Coxhead on May 11th, 2012.      0 comments

5:29 PM (NZT) The recent volatile nature continued this week, albeit within a contained range.  AS the global oil price stablised the USD appreciation lost its momentum. The stronger than expected Australian employment number yesterday, gave the AUD a decent, but somewhat brief boost in sentiment. The Chinese data has not helped the AUD this week, with lower import demand and persistently higher than expected inflation. The psychological large 1.0000 level (or just above at 1.0020) looms at support on any AUD weakness. In the current environment, it is hard to see any sustained period of AUD strength eventuating in the short term. The RBA monetary policy meeting minutes loom large next week on Tuesday.
 
The current interbank midrate is:                                                            AUDUSD  1.0065                                                                                         
 
The interbank range so far this week to date has been:                 AUDUSD 1.0017 – 1.0222
 

Comments