The Australian currency edged higher against other major opponents during Thursday’s European session. The aussie thus rose to more than a 2-month high against the dollar and a 2-day high against the Canadian dollar.
Against the euro, the aussie is now trading at a high of 1.4485, compared to Asian session’s low of 1.4618. The aussie closed yesterday’s trading at 1.4527 against the euro. The aussie may target around the 1.447 level in near term, if it gains further.
Industrial orders in the eurozone rose briskly in May, official figures have shown, suggesting the manufacturing sector could be set for strong growth.
New orders rose by 3.8% compared with the previous month, considerably faster than the 0.6% growth in April. Economists had forecast a 0.1% decrease.
Beside the Eurozone industrial new orders data, U.K retail sales for June, French consumer confidence for July and the PMI reports from major eurozone economies likely influenced the 16-nation currency.
The aussie hit a 2-day high of 0.9253 against the Canadian dollar, an appreciation of 0.38%, from yesterday’s close of 0.9217. As of now, the aussie is worth 0.9244 against the loonie with 0.926 seen as the next upside target level.
The aussie advanced against its Japanese rival in European session on Thursday. The aussie-yen pair, which closed yesterday’s trading at 76.47, is now worth 77.06. On the upside, the euro may target around the 77.50 level.
The aussie-greenback pair rose to more than a 2-month high of 0.8901 at 6:45 am ET and this may be compared to 0.8785 hit at yesterday’s close. The aussie may target around the 0.941 level, if it jumps further.
The Federal Reserve Chairman Ben Bernanke said yesterday that the economic expansion that began in the middle of last year is proceeding at a moderate pace.
However, Bernanke noted the outlook remains “unusually uncertain,” and that the central bank is prepared to take additional steps to support the economy if it takes a turn for the worse.
In the upcoming hours, the U.S. weekly jobless claims for the weekended July 17, leading indicators and existing home sales-both for June are expected to garner market attention along with Federal Reserve Chairman Ben Bernanke’s second day testimony before the Senate will take center stage among investors.
At 8:30 am ET, Statistics Canada’s retail sales report for May is due.
I discovered your blog site internet site on yahoo and appearance some of your early posts. Always maintain inside the good operate. I just extra increase RSS feed to my MSN News Reader. Seeking forward to reading far more on your part down the road!…
Hi there, You have done a great job. I will definitely digg it and in my opinion recommend to my friends. I am sure they will be benefited from this site.
I don’t even know the way I stopped up right here, however I assumed this post was once good. I do not recognise who you might be but definitely you’re going to a well-known blogger in the event you aren’t already Cheers!
I always visit your blog and retrieve everything you post here but I never commented but today when I saw this post, I couldn’t stop myself from commenting here. Fantastic article mate!
draftkings promo code play to win real cash with this draft kings promo code
Wow you hit it on the dot we shall submit to Plurk in addition to Squidoo well done انواع Ù…Øركات الطائرات | هندسة نت was great
Can I simply say what a reduction to search out someone who truly is aware of what theyre speaking about on the internet. You positively know learn how to convey a difficulty to light and make it important. Extra individuals need to read this and perceive this aspect of the story. I cant consider youre not more popular because you undoubtedly have the gift.
There a few intriguing points in time in this post but I do not know if every one of them center to heart. You can find some validity but I’ll take hold opinion until I explore it further. Excellent article , thanks so we want more! Combined with FeedBurner too
I’m impressed, I must say. Actually rarely must i encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail within the head. Your concept is outstanding; the pain is an element that too little consumers are speaking intelligently about. I am delighted that we found this within my search for some thing relating to this.
What would be your next topic next week on your blog.*;,-~