
The decision undermined the strength of AUD, which rallied after positive employment data, but only briefly. USD was one of the best performers against AUD, gaining strength from positive US economic data. AUD dropped even against JPY, which by itself was rather weak. AUD/USD dropped from 1.0296 to 1.0010, the lowest weekly close since June. EUR/AUD advanced from 1.2722 to 1.2968, the highest weekly closing price since February. AUD/JPY declined from 102.12 to 100.39 during the week, but bounced and closed at 101.68. If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.
No comments:
Post a Comment