Aussie rebounds from decade lows against greenback

Economies.com
2019-01-09 04:12AM UTC

Australian dollar rose from March 2009 lows for the third session out of four against its US counterpart, following earlier data from Australian and ahead of US data. 

 

As of 03:52 GMT, AUD/USD rose 0.31% to 0.7162, with an intraday low at 0.7135, and the highest since December 19. 

 

An Australian index tracking the services sector receded to 52.1 from 55.1, while building permits fell 9.1% in November, sharpening a 1.5% drop in October. 

 

Federal Reserve Bank of Chicago President Charles Evans is scheduled to speak about the economy and monetary policy at the Discover Financial Services Company Meeting, in Illinois. 

 

The Federal Open Market Committee will also release its last meeting minutes, at which policymakers voted to increase interest rates by the fourth time this year by 25 basis points as expected by market. 

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