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Article: Australian Dollar Strength May be Tested by Reserve Bank Rhetoric.
- Article from:
- Mena Report
- Article date:
- September 12, 2009
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Australian Dollar Strength May be Tested by Reserve Bank Rhetoric Fundamental Outlook for Australian Dollar: Neutral - Australian Dollar Retreats on disappointing Retail Sales data - Reserve Bank of Australian rate expectations nonetheless remain buoyant The Australian Dollar survived a week of fairly disappointing economic data to finish near yearly highs against its downtrodden US namesake. Historically market-moving Retail Sales and Employment Change reports both proved sharply worse than expected, but the data releases only managed to slow down the Aussie's rallies against the US Dollar. Of course, sharp rallies in key risky asset classes mitigated the effects of the ...