Australian dollar declines on firm US data, weak NZ figures
October 24, 2014 4:54 am
The Australian dollar tumbled on strong US figures and weak New Zealand data.
On Friday, the Aussie traded at 87.28 US cents, down from Thursday’s 87.60 US cents.
The currency dropped Thursday after the weaker inflation data, and dived again following a better than awaited economic figures from the United States.
Jobless claims in the US climbed but remained close to 14-year lows.
“I would anticipate that the US dollar will continue to keep moving higher against currencies like the Aussie, yen and the euro, simply because money is starting to flow to the US dollar again after a period of nervousness and the data out of the US just keeps on getting better,” said Andrew Barnett, GoldRock Director.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar tumbled on strong US figures and weak New Zealand data.
On Friday, the Aussie traded at 87.28 US cents, down from Thursday’s 87.60 US cents.
The currency dropped Thursday after the weaker inflation data, and dived again following a better than awaited economic figures from the United States.
Jobless claims in the US climbed but remained close to 14-year lows.
“I would anticipate that the US dollar will continue to keep moving higher against currencies like the Aussie, yen and the euro, simply because money is starting to flow to the US dollar again after a period of nervousness and the data out of the US just keeps on getting better,” said Andrew Barnett, GoldRock Director.
The material has been provided by InstaForex Company – www.instaforex.com
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