Aussie heads north on major bank minutes outlook

Aussie heads north on major bank minutes outlook

On Tuesday, the Australian dollar grew after the country’s key financial institution minutes painted a probable stronger than expected jump spurt in the approaching year in rather a light data day with North Korea somewhat toned down on launching missiles at the US territory Guam.

The Reserve Bank of Australia reiterated its warning on leaping household debt because of a macro-economic risk, though suggested that "above potential" economic surge was probable ahead without indicating any change in its steady interest rate views, as follows from the board meeting minutes of  its August gathering issued on Tuesday.

The currency pair AUD/USD hit 7871, soaring 0.23%, after the minutes. Meanwhile, USD/JPY reached 110.20, ascending 0.50%.

Estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index rallied 0.05% boasting a reading of 93.39.

Overnight, the US currency was still broadly higher versus the other key currencies in subdued trade on Monday because financial markets kept digesting Friday’s American inflation data. Moreover, geopolitical tensions between America and North Korea seemed to have relived.

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera