Australian Dollar Rises Amid Risk Appetite
17 Oktober 2017 - 03:10AM
RTTF2
The Australian dollar climbed against its major counterparts in
the Asian session on Tuesday amid risk appetite, as Asian shares
rose tracking fresh record highs on Wall Street as well as on firm
commodity prices.
Comments by Federal Reserve Chair Janet Yellen, who reiterated
her belief that additional gradual interest rate hikes are likely
to be appropriate over the next few years, also supported
stocks.
Minutes from the Reserve Bank of Australia's October 3 meeting
showed that members of the Reserve Bank of Australia said that the
country's economy was strengthening in line with expectations.
Price pressure remained broadly subdued, the minutes said,
thanks in part to a strengthening Australian dollar and a softening
greenback. At the meeting, the RBA kept its benchmark lending rate
unchanged at the record low of 1.50 percent, as expected.
The Australian Bureau of Statistics said the total number of new
motor vehicle sales in Australia was down a seasonally adjusted 0.5
percent on month in September, standing at 98,882. That follows the
flat reading in August.
The currency was lower against its major rivals on Monday.
The aussie rose to 1.5004 against the euro, off its early 4-day
low of 1.5039. If the aussie rises further, 1.49 is possibly seen
as its next resistance level.
The aussie, having fallen to a 2-week low of 1.0895 against the
kiwi at 5:45 pm ET, reversed direction and edged up to 1.0956.
Continuation of the aussie's uptrend may see it challenging
resistance around the 1.11 area.
The aussie bounced off to 0.7853 against the greenback, from a
4-day low of 0.7835 hit at 9:55 pm ET. On the upside, the aussie
may challenge resistance around the 0.795 region.
The aussie gained to 0.9837 against the loonie, from an early
4-day low of 0.9820. The next possible resistance for the
aussie-loonie pair is seen around the 0.99 mark.
On the flip side, the aussie fell to 87.79 against the yen and
held steady thereafter. The pair finished Monday's trading at
88.06.
Looking ahead, U.K. producer and consumer price indices and
Eurozone final CPI for September as well as German ZEW economic
sentiment index for October is set for release in the European
session.
U.S. import and export prices and industrial production for
September, along with NAHB housing market index for October are due
in the New York session.
Euro vs AUD (FX:EURAUD)
Forex Chart
Von Feb 2024 bis Mär 2024
Euro vs AUD (FX:EURAUD)
Forex Chart
Von Mär 2023 bis Mär 2024