Aussie at a two-week high
With no major data releases from Australia this morning, markets are still being influenced by FOMC Meeting Minutes. USD fell from an eight-month high after minutes to the Federal Open Market Committee reaffirmed investors' expectations for higher interest rates next month. The greenback gained about 6.1% since the October meeting on the prospect of the US's zero interest rate policy coming to an end, and some investors took the opportunity to cash in those gains after the minutes stuck to the official statement last month.
What also has impact on Aussie are developments in China. In spite of the instability in many areas though, business in China is finding some support in the easier credit environment while new orders and output remain elevated by historical standards.
Aussie is currently being traded around 0.7170 area. Pair is likely to find support around 0.71 handle and resistance above 0.7220 level. Later today, in the US session, Unemployment Claims and Philly Fed Manufacturing Index figures are scheduled for a release.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419