The Australian dollar was struggling to go above 78 US cents following strong core inflation data from the United States.
America’s core inflation was steady at 1.6%, strengthening the US dollar.
On Friday, the Aussie closed at 78.03 US cents from Thursday’s 78.47 US cents. Against the euro and the Japanese yen, it ended at 69.57 euro cents from 69.05 euro cents, and ¥92.99 from ¥93.35.
The currency also declined in the light of “disappointing capital expenditure figures, which showed business investment expectations remained shockingly weak,” said Ric Spooner, Chief Market Analyst at CMC Markets.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar was struggling to go above 78 US cents following strong core inflation data from the United States.
America’s core inflation was steady at 1.6%, strengthening the US dollar.
On Friday, the Aussie closed at 78.03 US cents from Thursday’s 78.47 US cents. Against the euro and the Japanese yen, it ended at 69.57 euro cents from 69.05 euro cents, and ¥92.99 from ¥93.35.
The currency also declined in the light of “disappointing capital expenditure figures, which showed business investment expectations remained shockingly weak,” said Ric Spooner, Chief Market Analyst at CMC Markets.
The material has been provided by InstaForex Company – www.instaforex.com
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