The dollar held gains against its peers early on Wednesday, thanks to higher U.S...
TOKYO - The dollar held gains against its peers early on Wednesday, thanks to higher U.S. yields and better-than-expected data, while its Australian counterpart took a knock after disappointing economic growth figures for last quarter.
Economic growth came in at a disappointing 0.2 percent in the fourth quarter, below an expected 0.3 percent, an outcome sure to keep the Reserve Bank of Australia on heightened watch after it abandoned its long-held tightening bias last month.“Given that many forecasters were on 0.2 percent for fourth-quarter GDP , the price action on the Australian dollar is worrying,” said Sean Callow, senior currency strategist at Westpac in Sydney.
On Tuesday, the U.S. dollar rose as unexpectedly strong data on U.S. services industries and new home sales helped sooth some fears about the state of the world’s top economy. Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo, said the dollar’s recent strength against the single currency may not last.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia shares inch up, dollar near three-week low after Powell commentsAsian shares inched towards a five-month high on Wednesday and the dollar hovere...
Weiterlesen »
Dollar on defensive after Fed comments, sterling advanceThe dollar remained near a three-week low on Wednesday after Federal Reserve Cha...
Weiterlesen »
Dollar on defensive after Fed comments, sterling advanceThe dollar remained near a three-week low on Wednesday after Federal Reserve Cha...
Weiterlesen »
Aussie, yuan inch up on U.S.-China trade optimismThe Australian dollar and the Chinese yuan inched up on hopes Washington and Bei...
Weiterlesen »
Aussie, yuan gain on U.S.-China trade hopesThe Australian dollar and the Chinese yuan rose early Monday on hopes Washington...
Weiterlesen »
NBA: Warriors look to sign Aussie big man Bogut - reportAndrew Bogut, one of the most decorated players in Australian basketball, is exp...
Weiterlesen »
Dollar stands tall amid caution over Sino-U.S. trade talksThe dollar held firm above a three-week low on Thursday as investors remained ca...
Weiterlesen »
Dollar rises again despite Trump trying to 'jawbone' the US currency lowerThe U.S. dollar rose against a basket of currencies on Monday as investors looked past comments made by President Donald Trump over the weekend regarding the greenback.
Weiterlesen »
The multimillion-dollar reason Janet Jackson is going all-in on a Las Vegas residencyJanet Jackson is the latest star after Christina Aguilera, Mariah Carey, Gwen Stefani and Lady Gaga to snag a steady gig on the Strip.
Weiterlesen »