Forex News

Live Forex news from all over the world.

    Archives

Australian Dollar Firm in Face of Disappointing Reports

May 16, 2018 at 12:52 by Vladimir Vyun

A heap of AUD100 bill strapsThe Australian dollar was firm today despite underwhelming domestic macroeconomic reports released over the current trading session.

The Westpac-Melbourne Institute Consumer Sentiment Index for Australia declined 0.6% in May, the same as in April. The Australian Bureau of Statistics reported that the Wage Price Index rose 0.5% in the first quarter of this year from the previous three months, matching the increase in the fourth quarter of the last year. Analysts were counting on a somewhat faster pace of increase — 0.6%.

AUD/USD rose from 0.7468 to 0.7482 as of 12:46 GMT today. EUR/AUD slumped from 1.5833 to 1.5739, trading near the lowest level since March 15.

If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

Leave a Reply

required
required  

Navigation

Menu