AUD rose in early Sydney to as high as 0.7645 before falling to trade with a 0.75 handle. It then failed to recover, and slipped to as low as 0.7589 in late Sydney - fresh lows back to 2009 - and struggled to trade back …
AUD rose in early Sydney to as high as 0.7645 before falling to trade with a 0.75 handle. It then failed to recover, and slipped to as low as 0.7589 in late Sydney - fresh lows back to 2009 - and struggled to trade back above 0.7600.
The Westpac-MI consumer sentiment index was down 1.2%, and owner-occupier home loans fell more than expected. RBA's Kent spoke on the economy, but there was not much for markets to react to.
Westpac notes in a report on Wednesday:
NZD fell from 0.7298 to 0.7231, keeping AUD/NZD trading around 1.0475 to 1.0500 most of the session. EUR/USD traded up to 1.0717 in early Sydney, but it was unable to hold on to gains, slipping to lows of 1.0666.
USD/JPY bounced off 120.85 to trade to 121.50, while the Nikkei retraced some of the previous day's losses, up 0.8%.
USD/CHF consolidated and continued to push against resistance at 1.0000. Crude pared losses, with Brent up 0.8%.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
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Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
