Australian Dollar Outlook - 12 February 2013

By
A A A

Australian dollar continues its losses arising from Asian markets closed for the Lunar new year holidays.

Australia: In a week of quiet trade with Asian markets closed for the rest of the week, the Australian dollar has fallen below 1.0300 against the Greenback in morning trade. With no key economic data released, movements in currencies reflected mainly positioning and flow.

The AUD continued its softness seen in yesterday's trade to fall to a low of 1.0253 against the Greenback overnight. Weak local housing Approval data released yesterday has seen expectations for a March rate cut creep up; one factor driving the currency lower at the moment.

Read More on International Business Times



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

Referenced Stocks:

International Business Times

International Business Times
  • See all for International Business Times
  • View Print Version

More from International Business Times:

Related Videos

Stocks

Referenced

Most Active by Volume

183,639,073
  • $42.32 ▲ 3.85%
82,623,623
  • $15.99 ▼ 22.79%
39,547,942
  • $119 ▲ 1.19%
32,107,751
  • $77.62 ▲ 2.63%
29,684,848
  • $10.60 ▲ 2.02%
27,615,309
  • $24.03 ▲ 0.38%
26,917,669
  • $31.10 ▲ 2.07%
26,464,306
  • $47.75 ▲ 0.59%
As of 11/26/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com