Australian Dollar Rises Amid Risk Appetite
15 Mars 2023 - 3:25AM
RTTF2
The Australian dollar strengthened against other major
currencies in the Asian session on Wednesday, as investor sentiment
improved after data showed a drop in U.S. consumer prices in
February, allaying fears of an accelerated rate hike from the U.S.
Fed. The assurance from the U.S. regulators that there won't be a
relapse of the financial crisis from 15 years ago following the
collapse of U.S. lender Silicon Valley Bank over the weekend also
helped lift sentiment.
Data from the U.S. Labor Department showed on Tuesday that the
nation's consumer price index rose by 0.4 percent in February after
climbing 0.5 percent in January. The advance by the index matched
expectations.
In other economic news, data from the National Bureau of
Statistics showed that China's industrial output grew 2.4 percent
on a yearly basis in January to February period, faster than the
1.3 percent increase in December. Production was forecast to grow
2.6 percent.
Retail sales advanced 3.5 percent from last year, in contrast to
the 1.8 percent decline in December. The rate came in line with
expectations.
Tuesday, the Australian dollar traded steadily against its major
counterparts.
In the Asian session today, the Australian dollar rose to 2-day
highs of 0.6711 against the U.S. dollar, 0.9169 against the
Canadian dollar, and 1.0754 against the NZ dollar, from yesterday's
closing quotes of 0.6682, 0.9143 and 1.0705, respectively. If the
aussie extends its uptrend, it may find resistance around 0.69
against the greenback, 0.93 against the loonie, and 1.09 against
the kiwi. Against the yen and the euro, the aussie edged higher to
90.00 and 1.6028 from yesterday's closing quotes of 89.68 and
1.6054, respectively. The aussie may find its resistance around
91.00 against the yen and 1.56 against the euro.
Looking ahead, German wholesale price index for February is set
to be released at 3:00 am ET.
Eurozone industrial output data for January is slated for
release at 5:00 am ET.
In the New York session, U.S. producer price indexes and retail
sales data for February, U.S. NAHB housing market index for March,
and U.S. EIA crude oil inventories data are slated for release.
AUD vs CAD (FX:AUDCAD)
Graphique Historique de la Devise
De Sept 2024 à Oct 2024
AUD vs CAD (FX:AUDCAD)
Graphique Historique de la Devise
De Oct 2023 à Oct 2024
