| Forex News Center | | | JPY News Archive |
JPY Daily News
AUD Trading Lower as Safe-Haven Assets Grow
The Australian dollar (AUD) was seen trading moderately lower versus most other currencies last Friday after news began to shift many traders back into risk averse assets. The Aussie has been experiencing several wide swings lately from the various shifts into and away from riskier assets. A vote on China's economic confidence after its latest rate hike also impacted the AUD heavily, causing movements away from the soaring Aussie.
As traders witnessed a turn towards safety after last Friday's economic reports from the United States. The resultant move into safe-haven assets has helped to push down on the AUD as traders turn away from its high interest rates in order to store value in lower yielding assets like the Japanese yen (JPY) and US dollar (USD). Australia's economy is publishing a report on motor vehicle sales this morning, which will likely impact the value of the AUD very little. Traders should keep an eye on data out of Europe and the United States for signals on the direction of risk appetite this week.
Add events to google calendar
Mark all
Unmark all
Print
Bank Holiday
