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JPY Daily News

Aussie Continues to See Mixed Results

Thursday, 28 Jul 2011

The Australian dollar (AUD) was trading with mixed results versus its currency counterparts yesterday after data releases began to shift traders back into safety. The Aussie has been losing momentum these past few weeks as risk aversion becomes predominant in the global market. Fears surrounding the current debt ceiling negotiations in the US are also dragging on global economic outlook.

This movement has gouged the AUD against all of its currency rivals, especially against safe-havens like the US dollar (USD) and Japanese yen (JPY). Being tied to commodity prices could help lift the AUD in the near future as oil prices continue to soar, but general risk aversion is likely to push the currency lower as traders flee risk. Inflationary growth data yesterday helped the Aussie hold some of its value, though sentiment continues to show mixed directionality.

Current Time: 05/27 00:15 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
07/28
00:00JPY+ Unemployment Rate4.5%4.6%4.6%1
00:15JPY+ Manufacturing PMI50.7*52.12
00:30JPY+ Household Spendingy/y-1.9%-2.2%-4.2%3
00:30JPY+ Tokyo Core CPI y/y0.1%0.2%0.4%3
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