Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Forex- Aussie holds gains as RBA keeps steady at 2%, sees easing scope

Published 11/30/2015, 10:39 PM
Updated 11/30/2015, 10:41 PM
Aussie holds stronger after RBA

Aussie holds stronger after RBA

Investing.com - The Aussie held earlier gains as the central bank kept rates on hold and amid a slew of regional manufacturing data that focused on a mixed picture in China.

AUD/USD traded at 0.7271, up 0.62%, while USD/JPY changed hands at 122.81, down 0.24%.

The Reserve Bank of Australia, as expected, kept its benchmark cash rate at a record low 2%, but again said inflation levels offer scope for further easing if needed.

The China official manufacturing PMI for November fell to 49.6, compared to 49.8 seen and the same level the previous month, while the Caixin manufacturing PMI rose to 48.6, compared to 48.3 expected and the same level for the previous month.

In Japan, capital spending jumped 11.2%, compared to a 2.3% gain seen in the third quarter year-on-year

Also in Australia, the AIG manufacturing index for November reached 52.5, a jump from 50.2 last month. As well, official data showed building approvals up 3.9%, compared to a 2.3% decline seen, while the current account deficit widened to A$18.1 billion, compared to a deficit of A$16.5 billion expected. Private house approvals in Australia fell 2.1%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.16% to 100.11.

Overnight, the dollar remained broadly supported at eight-month highs against the other major currencies on Monday, after the release of mixed U.S. data as mounting hopes for a December rate hike by the Federal Reserve continued to support.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.