Aussie settles lower versus greenback in Asia

2018-10-12 09:13:15 GMT (Economies.com)
Aussie settles lower versus greenback in Asia

Australian dollar tilted higher in Asian trade versus its US counterpart, heading for the first weekly profit in three, following earlier data from Australia while markets await the G20 meeting for finance ministers in Bali.

 

As of 02:23 GMT, AUD/USD shed 0.10% to 0.7117, with an intraday low at 0.7115, and a high at 0.7131. 

 

An index tracking house loans in Australia fell 2.1% in August, compared to no change in July, and missing estimates of a 0.9% dip. while Reserve Bank of Australia Governor Philip Lowe welcomed the surge in US dollar. 

 

Reserve Bank of Australia's Assistant Governor Luci Ellis participated in a panel discussion titled "Delivering Growth with Equity" at the Melbourne Institute's Economic and Social Outlook Conference, where she focused on the issue of supporting growth in both short and long terms, while cautioning that monetary policy alone can't increase the upward limits for performance and productivity. 

 

Now investors US imports prices data, expected with a 0.3% monthly increase in September, compared to a 0.6% dip in August, while expected with a 3.1% yearly increase, down from 3.7%. 

 

The UoM consumer sentiment survey is expected to increase to 100.4 from 100.1 in September. 

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0096
0.8406%
1.2573
-0.0130
1.0253%
14.620
-0.001
0.003%
51.143
-1.102
2.109%
60.16
-1.26
2.05%
1239.940
-8.100
0.649%
 
 
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