Australian dollar slumps in Asia on RBA minutes housing worries

Australian dollar slumps in Asia on RBA minutes housing worries

On Tuesday, the Australian dollar held weaker in Asia, following the major bank minutes of the June gathering meeting, which demonstrated some risk scope on housing.

The currency pair AUD/USD reached 0.7588, sinking 0.14%. As for USD/JPY, this currency pair hit 111.68, soaring 0.13%.

Assessing the US dollar’s value versus six crucial currencies, the US dollar index descended 0.03%, demonstrating 97.20.

Overnight, the American currency grew to session peaks versus crucial currencies right after a top Fed official stoked hopes for an extra rate lift in 2017, telling that soaring wages would help to raise inflation closer to the Fed’s objective.

As expected, the major US financial institution lifted its key interest rate by 0.25% on Wednesday, thus dropping a hint at another rate hike later in 2017.     

The greenback kept straightening versus the Japanese yen as traders continued fleeing safe-haven yen in the wake of the BOJ’s evident reluctance to taper emergency stimulus for the Japanese economy.

 

Similar

Weekly CryptoReport: 15-19 January

Bitcoin could be here for 100 years but it's more likely to 'totally collapse' - Robert Shiller, Nobel laureate, Yale University Professor of Economics, co-founder of Case-Shiller Index This week demonstrated us the real collapse of Bitcoin, but what…

Greenback modestly dives versus counterparts

On Thursday, the evergreen buck was modestly lower versus other key currencies because market participants were still cautious ahead of a bunch of American economic reports due later in the day…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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