FOREX TradingCharts.com

Forex News: Australian Dollar Climbs Ahead Of U.S.-China Trade Talks

Australian Dollar Climbs Ahead Of U.S.-China Trade Talks

10/08/2019 - 03:30:00 (RTTNews)

(RTTNews) - The Australian dollar strengthened against its major counterparts in the Asian session on Tuesday amid rising risk appetite, as investors awaited China-US trade talks set to begin on Thursday.

Chinese Vice Premier Liu He is scheduled to meet U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Washington.

White House economic adviser Larry Kudlow said he is hopeful about the trade talks with China, saying that the delegates are starting with a "clean slate, reopening the door."

"And as you know, Thursday and Friday, the principals' levels will be meeting and we are waiting for the Chinese offer. We are open, open to almost anything right now."

Survey data from IHS Markit showed that China's private sector expanded at the fastest pace in five months in September.

The Caixin composite output index rose to 51.9 in September from 51.6 in August. Any score above 50 indicates expansion in the sector.

The aussie rose to 1.6254 against the euro, from a low of 1.6305 seen at 7:30 pm ET. The aussie is seen finding resistance around the 1.60 level.

The aussie appreciated to 0.6756 against the greenback, after falling to a 5-day low of 0.6729 at 8:30 pm ET. The next possible resistance for the aussie is seen around the 0.71 level.

The aussie firmed to a weekly high of 72.54 against the yen from yesterday's closing value of 72.17. On the upside, 76.5 is possibly seen as the next resistance level for the aussie.

Recovering from a 5-day low of 0.8951 touched at 8:30 pm ET, the aussie edged higher to 0.8979 against the loonie. The currency is likely to locate resistance around the 0.92 level.

On the other side, the aussie held steady against the kiwi, after dropping to a 4-day low of 1.0677 at 11:00 pm ET. At yesterday's close, the pair was worth 1.0704.

Looking ahead, at 8:15 am ET, Canada housing starts for September are due.

Canada building permits for August and U.S. producer prices for September are scheduled for release in the New York session.

Federal Reserve Bank of Chicago President Charles Evans will deliver a speech at the Chicago Rotary Club Luncheon at 1:35 pm ET.

At 1:50 pm ET, Federal Reserve Chair Jerome Powell is set to give a speech titled "Data Dependence in an Evolving Economy" at the 61st Annual Meeting of the National Association of Business Economics in Denver.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Turkish Lira Trades At 11-day High Against U.S. Dollar (13 hr(s), 46 min(s), 08 sec(s) ago)
(RTTNews) - The Turkish Lira traded higher against the U.S. dollar in the European session on Frid ...Full Story»

Australian Dollar Extends Rally (15 hr(s), 25 min(s), 09 sec(s) ago)
(RTTNews) - The Australian dollar continued to be higher against its major counterparts in the Eur ...Full Story»

Pound Rises Against Majors (17 hr(s), 34 min(s), 09 sec(s) ago)
(RTTNews) - The pound advanced against its major counterparts in early European deals on Friday. ...Full Story»

Pound Retreats On Doubts Over Brexit Deal Approval In Parliament (13 hr(s), 10 min(s), 08 sec(s) ago)
(RTTNews) - The pound eased off from its early highs against its major counterparts in the Europea ...Full Story»

Dollar Little Changed Following U.S. Industrial Production (13 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - After the release of U.S. industrial production for September at 9:15 am ET Thursday, ...Full Story»

Dollar Mixed Ahead Of U.S. Industrial Production (13 hr(s), 37 min(s), 09 sec(s) ago)
(RTTNews) - The Federal Reserve releases U.S. industrial production for September at 9:15 am ET Th ...Full Story»

Dollar Mixed Ahead Of U.S. Economic Reports (14 hr(s), 19 min(s), 09 sec(s) ago)
(RTTNews) - U.S. weekly jobless claims for the week ended October 12 and housing starts for Septem ...Full Story»

Pound Off Lows Against Majors (17 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - The pound came off from its early lows against its major opponents in the European ses ...Full Story»

Search

FOREX NEWS

Turkish Lira Trades At 11-day High Against U.S. Dollar

10/18/2019 - 09:01 AM (RTTNews)
(RTTNews) - The Turkish Lira traded higher against the U.S. dollar in the European session on Frid ...Full Story>>

Australian Dollar Extends Rally

10/18/2019 - 07:23 AM (RTTNews)
(RTTNews) - The Australian dollar continued to be higher against its major counterparts in the Eur ...Full Story>>

Pound Rises Against Majors

10/18/2019 - 05:13 AM (RTTNews)
(RTTNews) - The pound advanced against its major counterparts in early European deals on Friday. ...Full Story>>

Pound Retreats On Doubts Over Brexit Deal Approval In Parliament

10/17/2019 - 09:38 AM (RTTNews)
(RTTNews) - The pound eased off from its early highs against its major counterparts in the Europea ...Full Story>>

Dollar Little Changed Following U.S. Industrial Production

10/17/2019 - 09:19 AM (RTTNews)
(RTTNews) - After the release of U.S. industrial production for September at 9:15 am ET Thursday, ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.