The AUD rallied following the release of the National Australia Bank’s business survey which implied at recovery of local enterprises.
The AUD and USD pair traded at 0.7612 which was up 0.30 percent. On the other hand, the USD and JPY swapped hands at 119.94 which went down 0.16 percent.
Meanwhile, EUR and USD registered an increase of 0.02 percent at 1.0569.
The National Australia Bank Survey on Business Confidence and Conditions for Australia perceived conditions at positive six last month from plus two in February. Business confidence went up to plus three from a flat mark last February.
The Reserve Bank of Australia observed the increase of capital expenditure intentions in the survey which has higher weight for non-mining sector investments.
In another part of the world, the Monetary Authority of Singapore announced it adhere to its present position on monetary policy which allows additional moderate and slow but sure appreciation of the Singapore currency as progress and inflation look headed toward the expected direction.
The decision surprised many analysts who were expecting the Monetary Authority to opt for another policy easing in three months.
The verdict of the Indonesian Central Bank is also due today in Jakarta.
In China, data releases are also scheduled for first quarter currency reserves, new loans and monetary supply.
The dollar index of the United States was listed at 99.74.
Demand for the USD is supported by hopes for higher cash rates as market investors became more confident the American economy will continue to get better after recent reports indicated a slowdown at the beginning of 2015.
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