Australian Dollar Falls After RBA Rate Decision
05 Septembre 2017 - 06:01AM
RTTF2
The Australian dollar weakened against other major currencies in
the Asian session on Tuesday, after Australia's central bank
decided to leave its key interest rate unchanged at a record
low.
The board of the Reserve Bank of Australia, governed by Philip
Lowe, maintained the cash rate at 1.50 percent. The bank had
reduced the rate by 25-basis points each in August and May last
year.
The bank noted that the low level of interest rates is
continuing to support the Australian economy.
In other economic news, data from the Australian Industry Group
showed that the services sector in Australia continued to expand in
August, although at a slower rate, with a Performance of Services
Index score of 53.0. That's down sharply from 56.4 in July.
Data from the Australian Bureau of Statistics showed that
Australia had a current account deficit of A$9.562 billion in the
second quarter of 2017. That missed forecasts for a shortfall of
A$7.5 billion following the downwardly revised A$4.754 billion
deficit in the first quarter.
Data from the ANZ bank and Roy Morgan Research showed that
Australia's consumer confidence improved for the second straight
time during the week ended September 3. The consumer confidence
index rose to 114.1 from 113.5 in the preceding week.
In the Asian trading, the Australian dollar fell to 1.4979
against the euro and 86.85 against the yen, from early highs of
1.4904 and 87.44, respectively. If the aussie extends its
downtrend, it is likely to find support around 1.52 against the
euro and 84.00 against the yen.
Against the U.S., the Canadian and the New Zealand dollars, the
aussie dropped to 0.7948, 0.9854 and 1.1085 from an early 4-day
highs of 0.7985, 0.9896 and 1.1129, respectively. The aussie may
test support near 0.77 against the greenback, 0.96 against the
loonie and 1.09 against the kiwi.
Looking ahead, PMI reports from major European economies for
August, Eurozone retail sales data for July are due to be released
later in the day.
At 5:10 am ET, Reserve Bank of Australia Governor Philip Lowe is
expected to speak at the Reserve Bank Board Dinner, in
Brisbane.
In the New York session, U.S. factory orders for July and U.S.
durable goods orders for July are slated for release.
At 8:00 am ET, Federal Reserve Governor Lael Brainard is
scheduled to speak about the economic outlook and monetary policy
at the Economic Club of New York.
At 1:10 pm ET, Federal Reserve Bank of Minneapolis President
Neel Kashkari is expected to speak about business leadership at the
University of Minnesota, in Minneapolis.
Euro vs Yen (FX:EURJPY)
Graphique Historique de la Devise
De Fév 2024 à Mar 2024
Euro vs Yen (FX:EURJPY)
Graphique Historique de la Devise
De Mar 2023 à Mar 2024