Australian dollar declines as US launches strikes in Syria
September 24, 2014 7:57 am
The Australian dollar tumbles on geopolitical concerns after the United States unleashed its strikes in Syria.
On Wednesday, the Aussie traded at 88.41 US cents, down from Tuesday’s 89.00 US cents.
The America and its Arab allies launched its bomb and missile strikes on jihadists in Syria, which affected currency even after a better Chinese manufacturing data.
“Support for the Australian dollar on yesterday’s better-than-expected HSBC flash China PMI is now a rather distant memory,” said Ray Attrill, Global Co-head of FX Strategy at National Australia Bank.
The market will await the Reserve Bank of Australia’s Financial Stability Review due Wednesday and its additional concern on possible housing bubble.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar tumbles on geopolitical concerns after the United States unleashed its strikes in Syria.
On Wednesday, the Aussie traded at 88.41 US cents, down from Tuesday’s 89.00 US cents.
The America and its Arab allies launched its bomb and missile strikes on jihadists in Syria, which affected currency even after a better Chinese manufacturing data.
“Support for the Australian dollar on yesterday’s better-than-expected HSBC flash China PMI is now a rather distant memory,” said Ray Attrill, Global Co-head of FX Strategy at National Australia Bank.
The market will await the Reserve Bank of Australia’s Financial Stability Review due Wednesday and its additional concern on possible housing bubble.
The material has been provided by InstaForex Company – www.instaforex.com
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