-
Australian dollar hits 4-month low as economy undershoots
The Australian dollar skidded to four-month lows on Wednesday as surprisingly soft economic data led markets to bring forward the likely timing of future rate cuts, triggering a rally in bonds. Selling gathered pace through the afternoon to send the Aussie down 1% to $0.6422, breaking support at $0.6443. The next chart bulwark is a trough from August at $0.6349. The kiwi dollar was dragged down in its wake, losing 0.7% to $0.5842. Major support comes in at $0.5797. The retreat followed data showing Australia's economy grew just 0.3% in the third quarter when markets had been priced for at least a 0.4% rebound. Annual ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 4, 2024 2:24am Dec 4, 2024 2:24am
- mallee
- Joined Jun 2013 | Status: Member | 166 Comments
-
- Older Stories
From cnbc.com|Dec 3, 2024The Bank of Korea said Wednesday that it would boost short-term liquidity and deploy measures to stabilize the FX market as needed, after South Korean President Yoon Suk Yeol ...
From piie.com|Dec 3, 2024President-elect Donald Trump has introduced a momentous change to international trade relations. For the last 80 years, negotiations were about lowering trade barriers and ...
From cnbc.com|Dec 3, 2024|10 commentsA Florida woman who pleaded guilty in a Ponzi scheme that raked in nearly $200 million was sentenced Tuesday to 20 years in prison. Johanna Garcia, 41, of Broward County, received ...
-
- Newer Stories
From bnnbloomberg.ca|Dec 4, 2024France‘s no-confidence vote is emboldening currency options traders to short the euro against the yen. Euro-yen options trading on the Depository Trust & Clearing Corporation has ...
From cnn.com|Dec 4, 2024$15.8 million every 60 seconds. That’s how much US consumers spent in two hours on Monday night, capping off a five-day spending spree that smashed previous records. US consumers ...
From brecorder.com|Dec 4, 2024The US dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve ...
- Story Stats
- Posted: Dec 3, 2024 11:15pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,690
- Linked event:
