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AUD/USD Clocks 13-Day High in Asia


Monday, 12 March 2018 08:18 WIB

AUD/USD,


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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


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