FOREX TradingCharts.com

Forex News: Australian Dollar Climbs Amid Risk Appetite

Australian Dollar Climbs Amid Risk Appetite

09/28/2018 - 03:24:00 (RTTNews)

(RTTNews) - The Australian dollar strengthened against its major counterparts in the Asian session on Friday, as Asian shares rose tracking overnight gains from Wall Street, with investor sentiment bolstered by the Federal Reserve's positive outlook for the U.S. economy in addition to upbeat U.S. economic data.

Federal Reserve Chairman Jerome Powell said that the U.S. economy does not face a large chance of a recession in the next two years.

Investors await reports on personal income and spending, Chicago-area business activity and consumer sentiment later in the session for more direction.

Oil continued to edge higher and remained on course for the longest run of weekly gains in four months as investors anticipated lower supply once new U.S. sanctions against major crude exporter Iran come into force in November.

The aussie strengthened to 2-day highs of 1.0922 against the kiwi and 82.00 against the yen, from its early lows of 1.0885 and 81.64, respectively. The aussie is seen finding resistance around 1.11 against the kiwi and 83.00 against the yen.

The aussie climbed to 0.7224 against the greenback and 0.9408 against the loonie, reversing from its early 10-day low of 0.7202 and a 2-day low of 0.9385, respectively. The next possible resistance for the aussie is seen around 0.74 against the greenback and 0.95 against the loonie.

The aussie firmed to a weekly high of 1.6112 against the euro, from a low of 1.6158 seen at 12:45 am ET. The aussie is poised to find resistance around the 1.58 level.

Looking ahead, German jobless rate for September, U.K. GDP data for the second quarter and Eurozone consumer inflation for September are due in the European session.

In the New York session, Canada industrial product price index for August and GDP data for July, as well as U.S. personal income and spending data for August and University of Michigan's final consumer sentiment index for September are set for release.

At 9:20 am ET, the Bank of England Deputy Governor David Ramsden speaks at the Society of Professional Economists Annual Conference, in London.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Turkish Lira At 8-day Low Versus U.S. Dollar On Turkey Political Worries (01 hr(s), 49 min(s), 22 sec(s) ago)
(RTTNews) - The Turkish Lira lost ground against the U.S. dollar in the European session on Tuesda ...Full Story»

Yen Advances Amid Risk Aversion (03 hr(s), 25 min(s), 22 sec(s) ago)
(RTTNews) - The Japanese yen traded higher against its major counterparts in the European session ...Full Story»

Euro Falls After German PPI (06 hr(s), 28 min(s), 21 sec(s) ago)
(RTTNews) - Following the release of German producer prices for September at 2:00 am ET Tuesday, t ...Full Story»

Euro Steady Ahead Of German PPI (06 hr(s), 37 min(s), 22 sec(s) ago)
(RTTNews) - At 2:00 am ET Tuesday, Destatis releases German producer prices for September. Ahead o ...Full Story»

Dollar Holding Gains On Light Data Day (19 min(s), 38 sec(s) ago)
(RTTNews) - The dollar is rising against all of its major rivals Monday afternoon. The lack of U.S ...Full Story»

Loonie Little Changed After Canada Wholesale Sales (01 min(s), 38 sec(s) ago)
(RTTNews) - Following the release of Canada wholesale sales for August at 8:30 am ET Monday, the l ...Full Story»

Loonie Mixed Ahead Of Canada Wholesale Sales (04 min(s), 22 sec(s) ago)
(RTTNews) - At 8:30 am ET Monday, Canada wholesale sales for August are due. Ahead of the dat ...Full Story»

Pound Drops On Brexit Concerns (22 min(s), 22 sec(s) ago)
(RTTNews) - The pound fell against its major counterparts in the European session on Monday, after ...Full Story»

Search

FOREX NEWS

Turkish Lira At 8-day Low Versus U.S. Dollar On Turkey Political Worries

10/23/2018 - 06:42 AM (RTTNews)
(RTTNews) - The Turkish Lira lost ground against the U.S. dollar in the European session on Tuesda ...Full Story>>

Yen Advances Amid Risk Aversion

10/23/2018 - 05:08 AM (RTTNews)
(RTTNews) - The Japanese yen traded higher against its major counterparts in the European session ...Full Story>>

Euro Falls After German PPI

10/23/2018 - 02:06 AM (RTTNews)
(RTTNews) - Following the release of German producer prices for September at 2:00 am ET Tuesday, t ...Full Story>>

Euro Steady Ahead Of German PPI

10/23/2018 - 01:56 AM (RTTNews)
(RTTNews) - At 2:00 am ET Tuesday, Destatis releases German producer prices for September. Ahead o ...Full Story>>

Dollar Holding Gains On Light Data Day

10/22/2018 - 14:53 PM (RTTNews)
(RTTNews) - The dollar is rising against all of its major rivals Monday afternoon. The lack of U.S ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.