he Australian dollar slipped for a third session on Monday after repeatedly failing to break above key chart resistance at 77 US cents, with focus shifting to a slew of data and central bank events this week.
And if correct, this will have some very real implications for the star performer of currency markets thus far in 2017 - the Australian Dollar. “While the world is cheering and the pro-risk environment persists, I retain my sobering view that we will ...
The Australian Dollar remains the best-performing currency in the G10 complex in 2017 with a strong desire amongst international investors looking to invest in the country's superior yielding money markets driving the currency higher.
The Australian dollar has surged higher overnight, easily clearing the US77� mark to its highest since the US election, and positive January jobs data could solidify its advance, according to NAB economists.
While iron ore prices have soared over the past week, the Australian dollar has hardly budged, in a sign that the traditionally close link between the Aussie and Australia's number one export is waning.
The release of January labour force numbers at 11.30am (AEDT) had the potential to drive the Australian dollar even higher, but the response was mixed, with the currency initially shooting higher before quickly retreating.