THE Australian dollar has fallen for the sixth consecutive week as the greenback strengthens on expectations that the US Federal Reserve's economic stimulus measures.
At 1700 AEDT on Friday, the local unit was trading at 91.02 US cents, down from 91.23 cents on Thursday.
The currency has fallen steadily over the past six weeks, losing six US cents since October 25.
Recent interventionist comments by the central bank have kept a lid on the local currency.
St George trader Janu Chan said a weak performance on Asian markets on Friday and the blocked bid for Graincorp had kept the Australian dollar under pressure.
"It's a combination of those factors and then there's the ongoing uncertainty of quantitative easing in the US and when that will start to unwind," Ms Chan said.
A key business group has also questioned the surprise decision that ended Archer Daniels Midland's $3.4 billion offer for Australia's largest grains handler Graincorp, saying it risks undermining the government's own statement that "Australia is open for business".
Traders expect some volatility in the Australian dollar next week because of the large amount of economic data coming out locally and the US.
The highlights of next week's local economic diary are the Reserve Bank of Australia's interest rate decision on Tuesday and Wednesday's release of September quarter national accounts, which includes gross domestic product data.
Anda sedang membaca artikel tentang
$A loses 6 US cents in 6 weeks
Dengan url
http://laptoptua.blogspot.com/2013/11/a-loses-6-us-cents-in-6-weeks.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
$A loses 6 US cents in 6 weeks
namun jangan lupa untuk meletakkan link
$A loses 6 US cents in 6 weeks
sebagai sumbernya
0 komentar:
Posting Komentar