Australian dollar - Consumer Confidence in focus
From MoneyTrading.com.au
The Australian dollar bounced back slightly against the U.S. dollar overnight, though technical factors and unease ahead of global economic data due later in the week could keep the lid on the commodity currencies.
We are looking forward to Australian consumer confidence data from Westpac and U.S. housing starts data on Wednesday for further direction.
A strong consumer confidence and weak (U.S.) building approvals could see the Aussie breaking above 0.9280 against USD.
Westpac Consumer Confidence is due at 10.30am
The Australian dollar bounced back slightly against the U.S. dollar overnight, though technical factors and unease ahead of global economic data due later in the week could keep the lid on the commodity currencies.
We are looking forward to Australian consumer confidence data from Westpac and U.S. housing starts data on Wednesday for further direction.
A strong consumer confidence and weak (U.S.) building approvals could see the Aussie breaking above 0.9280 against USD.
Westpac Consumer Confidence is due at 10.30am
posted by Money Trading at
9:58 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home