Australian dollar steadies after key economic data

Economies.com
2021-12-02 17:20PM UTC

The Australian dollar held against most currencies on Thursday, after the release of major economic data.

 

The markets continue to focus on Omicron developments after the US health authorities reported today the first case of the Omicron variant in California yesterday

 

India today also reported its first case, Netherlands and Norway reported dozens of Omicron cases, while the UK reported 7 cases.

 

Data showed a a surplus in Australia's trade balance of about $11.2 billion, missing forecasts a surplus of $11.25 billion.

 

The Australian retail sales index rose 4.9% in November, on par with analysts' forecasts.

 

As of 17:18 GMT, AUD/USD held at 0.7101, after hitting a high of 0.7120, and a low of 0.7084.

Forex and Currency News

EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...
USD/JPY news

Forex

Japan sends the stronger warning after yen crashes to 34-year nadir
2024-03-27 08:50AM UTC
Yen tumbled in European trade on Wednesday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...