💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Forex - Aussie gains after monetary policy statement by RBA

Published 11/05/2015, 07:43 PM
Updated 11/05/2015, 07:45 PM
Aussie gains after monetary policy statement
USD/JPY
-
AUD/USD
-
DX
-

Investing.com - The Aussie gained on Friday after the central bank said that Asian growth remained a key uncertainty on future policy.

AUD/USD traded at 0.7157, up 0.20%, while USD/JPY changed hands at 121.68, down 0.06%, ahead of central bank minutes and comments expected from Bank of Japan Governor Haruhiko Kuroda.

Earlier, in Australia, the AIG construction index reached 52.1 in October from 51.9 the previous month.

The Reserve Bank of Australia released a statement on monetary policy that highlighted risks as well as noting that the scope for easier policy remained in place.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.01% to 98.08.

Overnight, the dollar remained near three-month highs against the other major currencies on Thursday, as hopes for a December rate hike in the U.S. continued to support the greenback and investors awaited the release of U.S. jobs data on Friday.

The U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits in the week ending October 31 increased by 16,000 to 276,000 from the previous week’s total of 260,000. Analysts had expected jobless claims to rise by 2,000 to 262,000.

But the greenback remained supported after Federal Reserve Chair Janet Yellen said on Wednesday that a December rate hike is a "live possibility," depending on the data.

Investors were turning their attention to Friday's U.S. nonfarm payrolls report for further indications on the strength of the job market.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.