Australian Dollar Climbs On Stimulus Hopes

Date : 09/09/2019 @ 4:19AM
Source : RTTF2
Stock : Australian Dollar vs United States Dollar (AUDUSD)
Quote : 0.6835  -0.003155 (-0.46%) @ 9:53AM
AUD vs US Dollar share price Chart

Australian Dollar Climbs On Stimulus Hopes

AUD vs US Dollar (FX:AUDUSD)
Forex Chart

1 Month : From Aug 2019 to Sep 2019

Click Here for more AUD vs US Dollar Charts.

The Australian dollar was higher against its major counterparts in the Asian session on Monday amid rising risk appetite, as weak economic data from the U.S. and China raised hopes of further stimulus from global central banks.

Data released Friday showed weaker than expected U.S. jobs growth in the month of August, while data from China showed that the country's exports unexpectedly fell in the month.

Sentiment lifted up after Fed Chair Jerome Powell reiterated his soft-repeated pledge that the Federal Reserve will "act as appropriate" to sustain the U.S. economic expansion.

Data from the Australian Bureau of Statistics showed that Australia's mortgage approvals increased more-than-expected in July.

The number of owner occupier loans increased 4.2 percent, much larger than the expected growth of 1.5 percent.

The aussie strengthened to 0.6863 against the greenback, its strongest since August 1. The currency is likely to find resistance around the 0.71 level.

The aussie that closed Friday's trading at 73.19 against the yen appreciated to near a 6-week high of 73.35. On the upside, 76.00 is likely seen as the next resistance level for the aussie.

The aussie firmed to more than a 6-week high of 1.6067 against the euro from Friday's closing value of 1.6096. The next possible resistance for the aussie is seen around the 1.59 level.

The Australian currency bounced off to 0.9035 against the loonie, from a session's low of 0.9006 hit at 5:00 pm ET. If the aussie rises further, 0.92 is likely seen as its next resistance level.

The aussie recovered to 1.0675 against the kiwi, from a session's low of 1.0632 seen at 9:15 pm ET. Next likely resistance for the aussie is seen around the 1.08 level.

Looking ahead, Eurozone Sentix investor sentiment index for September, U.K. industrial production, manufacturing production, construction output, trade and GDP data, all for July, are due in the European session.

In the New York session, U.S. consumer credit for July is scheduled for release.

Latest AUDUSD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190918 09:08:01