Bell FX: The Australian Dollar has traded in a narrow range over the holiday period of .8850 to .9000 due to reduced trading volumes and the lack of any new...
Bell FX: The Australian Dollar has traded in a narrow range over the holiday period of .8850 to .9000 due to reduced trading volumes and the lack of any new data releases. The USD has come off its yearly highs against the EUR, GBP and JPY and some of the cross rates have improved from the levels we saw before the holidays. With equity markets remaining firm over the last several weeks and the US equity markets generally registering the best yearly increase in 16 years, general optimism is the current feeling. Today we see some figures from AiG on the performance of the services index followed by some November trade figures tomorrow. Later in the week we will see job vacancy figures as well as construction index figures and retail sales. Today's Forecast Range: USD0.8925 - 0.8995