Australian Dollar Outlook - 03 April 2013

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BELL FX, CMC Markets Currency Outlook: The Australian dollar has opened near USD 104.50 after an up-and-down offshore session with the local currency's momentum gaining traction as a reponse to the Reserve Bank's decision to maintain benchmark rates at 3%.

Australia: This morning the Australian dollar was at USD104.48, down slightly from yesterday's close. The Australian dollar reached its highs as offshore traders responded to the Reserve Bank of Australia's decision to leave the cash rate unchanged at 3.0%, notes Bell FX analyst Ms. Rebecca Kelly.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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