WELCOME to Money, TD’s Tue feature on what the Australian dollar is doing.
$1AUD = US0.768
THE Australian dollar rebounded on Fri after dropping to three- month lows in a horror week that saw the AUD/USD down 1.6%.
Wed’s weak inflation numbers were the main driver of the dollar’s weakness.
Trade balance and retail sales figures on Thu and Fri will be the key market movers.
The dollar was weak against the NZ dollar dropping almost a cent yesterday, however it is making a recovery this morning.
AUD was stronger against the Canadian dollar as investors are wary of tomorrow’s economic data out of Canada.
Wholesale rates this morning.
US $0.768 UK £0.581 NZ $1.117 Euro €0.658 Japan ¥86.92 Thailand ß25.53 China ¥5.107 South Africa R10.804 Canada $0.986 Crude oil US$54.07