Forex - AUD/USD climbs as Fed speculation persists

Forex - AUD/USD climbs as Fed speculation persists
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Markets » Rupee

Aug 15, 2013, 12.30 PM | Source: Investing.com

Forex - AUD/USD climbs as Fed speculation persists

Forex - AUD/USD climbs as Fed speculation persists

Like this story, share it with millions of investors on M3

Forex - AUD/USD climbs as Fed speculation persists

Forex - AUD/USD climbs as Fed speculation persists

Post Your Comments

Share Cancel

Investing.com - The Australian dollar climbed higher against its U.S. counterpart on Thursday, as demand for the greenback came under pressure amid renewed uncertainty over the future of the Federal Reserve's stimulus program.

AUD/USD hit 0.9183 during late Asian trade, the pair's highest since August 12; the pair subsequently consolidated at 0.9176, advancing 0.59%.

The pair was likely to find support at 0.9074, the low of August 13 and resistance at 0.9287, the high of July 29.

The greenback remained under pressure after data on Wednesday showed that U.S. producer price inflation was flat in July, while core inflation rose less-than-forecast.

The disappointing data raised fresh doubts over whether the economic recovery is strong enough for the Fed to begin unwinding its USD85 billion-a-month asset purchase program later this year.

In Australia, the Melbourne Institute said inflation expectations ticked down to 2.3% in July, from 2.6% the previous month.

The Aussie was fractionally lower against the New Zealand dollar with AUD/NZD easing 0.09%, to hit 1.1353.

Also Thursday, data showed that the Business New Zealand Manufacturing Index rose to 59.5 in July, from a reading of 54.7 the previous month.

Later in the day, the U.S. was to release reports on consumer inflation, jobless claims, industrial production and manufacturing data from the Empire state and the Philly Fed.


Investing.com
Investing.com - Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com or Follow us on Twitter at @ InvestingCom
Buy, Hold, Sell ? Hear it first on M3
Forex - AUD/USD climbs as Fed speculation persists

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login