Currency Update: AUD is currently trading around USD 0.8950

Bell Potter

Stockbroker

Currency Update: AUD is currently trading around USD 0.8950. Most major currencies took a break yesterday, with little activity in the foreign exchange market as investors wait for upcoming events later in the week. Our first opportunity will come early Wednesday morning (Australian time) when the new head of the US Federal Reserve, Janet Yellen, appears before a congressional committee for the first time. It is highly anticipated that Dr Yellen will be asked about the timing of the scaling back of the Fed's massive economic stimulus program. Most expect her to be more on the dovish side but to still continue the theme of steady tapering. US equities were slightly lower, while European markets were mixed. Gold was stronger, rising to USD1,275.5 per ounce while oil prices were mixed. Currencies failed to make any headway with the USD slightly lower, the JPY a little stronger, while the NZD underperformed.


1 topic

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.