Bell FX: The Australian Dollar is trading slightly lower this morning, at USD0.8950, ahead of central bank announcements both from Australia and the US

Bell Potter

Bell FX: The Australian Dollar is trading slightly lower this morning, at USD0.8950, ahead of central bank announcements both from Australia and the US. Today, the Reserve Bank of Australia will release the minutes of its December board meeting at which it left the official cash rate unchanged at 2.50%. Further negative comments today could see the AUD test lower levels, although support looks sold just above USD0.8900. Speculation continues to grow offshore that the Federal Reserve will start tapering this week with any decision announced Thursday morning, Australian time. Today's Forecast Range USD: 0. 8905 - 0.8990


About this contributor

Bell Potter

Bell Potter

, Stockbroker

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...

Expertise

australian dollar

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