Australian dollar moves slightly amid firm business data
August 12, 2014 7:30 am
The Australian dollar slightly moved despite business conditions rose to a four-year peak.
The Aussie on Tuesday traded at 92.67 US cents, little changed from Monday’s 92.68 US cents.
NAB’s business conditions index climbed to eight points in July, its highest level since 2010.
“The Australian dollar failed to be inspired by the figures. Usually, a new high for this kind of data, we’d expect a push higher for the Aussie dollar but it’s not moving too much,” said Ricky Liu, Currency Dealer at Easy Forex.
Meanwhile, Australian bond futures prices tumbled. The three-year bond futures contract traded at 97.360, to 2.640%. The 10-year bond was at 96.570, to 3.430%.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar slightly moved despite business conditions rose to a four-year peak.
The Aussie on Tuesday traded at 92.67 US cents, little changed from Monday’s 92.68 US cents.
NAB’s business conditions index climbed to eight points in July, its highest level since 2010.
“The Australian dollar failed to be inspired by the figures. Usually, a new high for this kind of data, we’d expect a push higher for the Aussie dollar but it’s not moving too much,” said Ricky Liu, Currency Dealer at Easy Forex.
Meanwhile, Australian bond futures prices tumbled. The three-year bond futures contract traded at 97.360, to 2.640%. The 10-year bond was at 96.570, to 3.430%.
The material has been provided by InstaForex Company – www.instaforex.com
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