The Australian dollar fell quite in since last night and became the weakest performing currency against the US dollar up to Wednesday (16/12) morning. Ahead of tomorrow night's FOMC decision, the Australian Dollar appear to set face and the Australian Dollar US Dollar due to the Central Bank Governor's comments of Australia (RBA), Glenn Stevens.
The Commodity Price Support Continue to sag
In an interview with a newspaper published today, Glenn Stevens said the Australian dollar should be weaker, as a form of "sympathy" to the decline in commodity prices. Financial Review, the name of the newspaper, citing Stevens, "The exchange rate will still be adjusted, such as function, and I noted that commodity prices continue to fall, so it is possible adjustments (impairment) further will happen."
In this year, said Stevens, commodity prices have gone down 12 percent. However, the number one in the RBA is still confident with the picture of the Australian economy, particularly with the growth of employment sectors fairly slick. "The increase in population in Australia has been accompanied by a rise in the labor sector, the increase in labor force participation, or at least be able to maintain the unemployment rate in a range that the flats." said Stevens.
AUD / USD began edged moment of writing, the position of 0.7198, after a 0.6 percent fade with the strengthening US dollar last night after US data on CPI. In addition to Stevens's comments this morning Australia also reported the MI Leading index drop 0.2 percent on a monthly basis.
Likewise with AUD / NZD, the commodity dollar pair goes down to the lowest level since November, and is now trading at 1.0658 figure. GDT auction New Zealand reported slightly increased. Such as iron ore against the Australian dollar, the price of milk powder also affects the movement of the New Zealand dollar.
The Commodity Price Support Continue to sag
In an interview with a newspaper published today, Glenn Stevens said the Australian dollar should be weaker, as a form of "sympathy" to the decline in commodity prices. Financial Review, the name of the newspaper, citing Stevens, "The exchange rate will still be adjusted, such as function, and I noted that commodity prices continue to fall, so it is possible adjustments (impairment) further will happen."
In this year, said Stevens, commodity prices have gone down 12 percent. However, the number one in the RBA is still confident with the picture of the Australian economy, particularly with the growth of employment sectors fairly slick. "The increase in population in Australia has been accompanied by a rise in the labor sector, the increase in labor force participation, or at least be able to maintain the unemployment rate in a range that the flats." said Stevens.
AUD / USD began edged moment of writing, the position of 0.7198, after a 0.6 percent fade with the strengthening US dollar last night after US data on CPI. In addition to Stevens's comments this morning Australia also reported the MI Leading index drop 0.2 percent on a monthly basis.
Likewise with AUD / NZD, the commodity dollar pair goes down to the lowest level since November, and is now trading at 1.0658 figure. GDT auction New Zealand reported slightly increased. Such as iron ore against the Australian dollar, the price of milk powder also affects the movement of the New Zealand dollar.
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