Arab Today, arab today aussie dollar expected to weigh against greenback in busy week
Last Updated : GMT 13:59:05
Arab Today, arab today
Arab Today, arab today

Aussie dollar expected to weigh against greenback in busy week

Arab Today, arab today

Arab Today, arab today Aussie dollar expected to weigh against greenback in busy week

The Australian dollar
Sydney - XINHUA

The Australian dollar slipped on falls in oil and a recovering US dollar overnight as traders eye key local data and central bank meetings this week.

At the Asian open on Tuesday, the Australian dollar was trading at 77.15 U.S. cents, down from 77.50 U.S. cents at Monday's close.

Though the unit fell in the offshore session as a risk-adverse tone re-entered the market, the Australian dollar is little changed over the "quiet" 24 hour period as the local equity market was closed for the Anzac Day public holiday.

However, the Australian dollar is expected to ease in the short term as the U.S. dollar continues to rebound ahead of Thursday's (local time AEST) U.S. Federal Reserve rates meeting.

"We think the (Federal Open Market Committee) should dilute its concerns about the risks to the U.S. economy from global economic and financial developments... (which) may see participants prince in more of a chance of a Fed rate hike... supporting the U.S. dollar," Commonwealth Bank of Australia chief currency strategist Richard Grace said.

The local unit is also expected to come under pressure this week from local consumer inflation data, to be released Wednesday, as traders price in a potential Reserve Bank of Australia policy easing should it come below expectations, Grace said.

At 0948 local time (AEST), the Australian dollar was trading at 77.17 US. Cents.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aussie dollar expected to weigh against greenback in busy week Arab Today, arab today aussie dollar expected to weigh against greenback in busy week

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes

GMT 15:44 2017 Wednesday ,22 March

Bahrain Bourse daily trading report

GMT 13:35 2017 Wednesday ,22 March

Oman shares fall taking cues from regional bourses

GMT 09:35 2017 Wednesday ,22 March

Bahrain Bourse daily performance

GMT 09:33 2017 Wednesday ,22 March

Alba approves US$80M cash dividend at AGM

GMT 02:24 2017 Wednesday ,22 March

US stocks dive over Trump agenda doubts

GMT 14:10 2017 Monday ,20 March

Bank Muscat trading pulls down Muscat index
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday