Australian dollar slides against sturdier US dollar
April 13, 2015 1:18 am
The Australian dollar declined Monday, pressured by a firmer US dollar and last week’s disappointing local housing data.
Based on official data, the number of home loans approved in February climbed 1.2%.
The Aussie traded at 72.44 euro cents from Friday’s 72.18, and 76.69 US cents from 76.85 US cents.
Raised optimism about the American economy pushed the currency lower. Investors purchased the greenback aggressively this week with Friday’s advance “taking the greenback to its strongest level against the euro in three weeks,” said Kathy Lien, Managing Director at BK Asset Management.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar declined Monday, pressured by a firmer US dollar and last week’s disappointing local housing data.
Based on official data, the number of home loans approved in February climbed 1.2%.
The Aussie traded at 72.44 euro cents from Friday’s 72.18, and 76.69 US cents from 76.85 US cents.
Raised optimism about the American economy pushed the currency lower. Investors purchased the greenback aggressively this week with Friday’s advance “taking the greenback to its strongest level against the euro in three weeks,” said Kathy Lien, Managing Director at BK Asset Management.
The material has been provided by InstaForex Company – www.instaforex.com
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