AUD/USD Clocks 13-Day High in Asia

Monday, 12 March 2018 08:18 WIB



The Aussie dollar is better bid against its US counterpart in Asia, setting 13-day highs in the 0.7865-neighborhood.

The AUD/USD pair closed at 0.7846 on Friday - the highest daily close since Feb. 27 after a blowout US non-farm payrolls number put a bid under the risk assets, but dismal wage growth figure left market divided on whether the U.S. central bank would upgrade its rate forecast for this year to four hikes from three.

Also, over the weekend "The Australian" reported that Trump's new tariffs will not be imposed on Australian steel and aluminum. Both US President Donald Trump and Australian PM Turnbull confirmed the exemption via Twitter on Saturday.

So, the AUD will likely find takers during the European and the US session.  Further, the data calendar is light, hence the pair is at the mercy of the action in the equities and market's appetite for the greenback.

Source : FX Street


  • The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy ...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.