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Article – Australian dollar lifts on strong demand

10 Aug 2016 Christies Beach 0 Comment

Photo by Global Panorama

Photo by Global Panorama

I stumbled across an article on the nine.com.au website today that I thought some of our readers may find interesting.

The article reads as follows:

The Australian dollar is being resilient, lifting against the greenback despite softer Chinese trade numbers on Monday.

At 0714 AEST on Monday, the local unit was trading at 76.54 US cents, up from 76.11 cents on Monday.

Westpac senior market strategist Imre Speizer said the Aussie could head towards 77.00 cents against the greenback, given the demand.

“That the AUD (Australian dollar) rallied while the US dollar index tracked sideways illustrates underlying global demand for this high-yielder,” he said in a note.

The main risk event for the currency on Tuesday is Chinese inflation data and the NAB business confidence monthly numbers.

CURRENCY SNAPSHOT AT 0714 AEST ON TUESDAY

One Australian dollar buys:

GOVERNMENT BOND YIELDS AT 0714 AEST ON TUESDAY

Sydney Futures Exchange prices:

(*Currency closes taken at 1700 AEST previous local session, bond market closes taken at 1630 AEST previous local session)

 

Click here for original article.

 

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Article – Australian dollar lifts on strong demand

10/08/2016

This article was posted by Melissa Chaplin

 

 

 

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