Money Aussie dollar gains ground as international markets rally

12:31  13 february  2018
12:31  13 february  2018 Source:   MSN

Davis Cup: Shattered Nick Kyrgios curtailed by elbow injury in Davis Cup defeat

  Davis Cup: Shattered Nick Kyrgios curtailed by elbow injury in Davis Cup defeat World No.5 Alex Zverev produced a flawless performance to beat an injured Kyrgios in three sets and end Australian hopes, with Germany taking the tie 3-1 in Brisbane.On Sunday, the image of Kyrgios was that of a shattered man whose Davis Cup ambitions were cut down by injury at the worst possible time. This one clearly stung, although the fact it meant so much can only be interpreted as a good thing.

Elsewhere, the euro surged 0.54% against the dollar , trading at .0653, as the greenback's rally came to a screeching halt. The dollar index, which measures the currency's strength against a basket of international rivals, touched a four-week high on Tuesday as the Federal Reserve 's Janet Yellen

The U.S. dollar continued clawing back ground lost against its main rivals after North Korea launched a ballistic missile over Japan, while the rally in haven assets such as the Stocks end at records, book weekly gains as earnings season kicks off. Which markets are closed on Martin Luther King Jr. Day?

  Aussie dollar gains ground as international markets rally © Getty Images The Australian dollar is back above 78 US cents as the US dollar's rise falters and it slips amid an equity rebound.

At 0635 AEDT on Tuesday, the Australian dollar was worth 78.44 US cents, up from 78.35 US cents on Monday.

Appetite for risk-taking crept back into currency markets to the detriment of the US currency and helped higher-yielding emerging market currencies as well as commodity-linked currencies like the Australian and Canadian dollars, Reuters reported.

"The index that tracks the US dollar against a basket of currencies was down 0.2 per cent at 90.291, erasing some of the gains last week," the agency said.

Aussie dollar slips below 80 cents

  Aussie dollar slips below 80 cents The Australian dollar has slipped back below 80 US cents as the fall in the US dollar seemed to end and weaker metals prices offered no support.At 0635 AEDT on Monday, the Australian dollar was worth 79.14 US cents, down from 80.01 US cents on Friday.

Market News Headlines. USD/CAD Price Rally at Risk Ahead of Canada Employment. NZD/USD Weakness to Persist as RBNZ Warns of Subdued Inflation. Asia AM Digest: Fed Calms the Markets , USD Gains , NZ Dollar Drops.

“The Aussie rallied in relief and rose to a high of 87.48 US cents before finally running out of steam,” he said. US data weakens dollar . Dollar gains momentum. Dollar loses ground . Dollar bouces back. Finance, International , News. Dollar , economy, finance, money. Previous Article.

Westpac's Imre Speizer later said the US dollar had slipped a little further.

"The USD index is 0.3 per cent lower on the day ... (while the) AUD rose from 0.7810 to 0.7847," he said in a morning note.

The main event risk for the local currency on Tuesday would be Reserve Bank of Australia assistant governor (Economics) Luci Eillis's speech at the ABE forecasting conference in Sydney around 0850 AEDT.

Iron ore prices are grinding higher

  Iron ore prices are grinding higher Iron ore spot markets continue to grind higher, logging a third straight day of gains on Tuesday. According to Metal Bulletin, the price for benchmark 62% fines rose 0.3% to $75.92 a tonne, leaving it at a two-week high. © Business Insider AustraliaSmall gains were also seen across lower and higher grades.58% fines increased 0.5%, closing the session at $43.87 a tonne. Ore with 65% Fe content added a smaller 0.2%, settling at $91.90 a tonne.The modest gains mirrored similar price action in Dalian iron ore futures. require(["inlineoutstreamAd", "c.

The US dollar lost some ground , the Aussie dollar surged, Sterling rallied and the S&P 500 continued its march higher. EU Open - Aussie Dollar extends gains ; equity markets mixed after weak Chinese data.

Webinar: Cryptocurrencies Rally on Positive US Regulatory Comments. Aussie Dollar Down, Yen Higher as Chinese PMI Compounds Risk Aversion. S&P 500 Futures Point to Respite in Market Liquidation into the Week-End.

Also, the National Australia Bank's business survey for January, which was steady in 2017, may have an impact, he said.

He thinks the Australian dollar could even extend its latest gains and reach above 79 US cents.

"(There's) potential for this rebound to extend to 0.7900 if the USD remains stalled and/or equities recover further."

The Aussie dollar is also higher against the yen and the euro.


One Australian dollar buys:

* 78.44 US cents, from 78.35 on Monday

* 85.29 Japanese yen, from 85.16 yen

* 63.84 euro cents, from 63.79 euro cents

(*Currency closes taken at 1700 AEDT previous local session)

The Australian dollar is treading water .
The Australian dollar meandered its way through Monday's trading session with US and Chinese markets on holiday. Here's the scoreboard as at 7.10am AEDT. AUD/USD0.7910,0,0.00%AUD/JPY84.27,0.17,0.20%AUD/CNH4.9875,0.0053,0.11%AUD/EUR0.6374,-0.0002,-0.03%AUD/GBP0.5647,0.0006,0.11%AUD/NZD1.0730,0.0031,0.29%AUD/CAD0.9938,0.0004,0.04%After opening trade at .7910, the AUD/USD hit a session high of .7935 before reversing most of those gains in European trade. As seen in the five minute chart below, it largely flat-lined in North American trade with US markets closed for the President's Day holiday.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!