Other Currencies – Highlights The Australian Dollar is trading - TopicsExpress

Other Currencies – Highlights The Australian Dollar is trading under pressure against its US counterpart this morning on improved prospects of US lawmakers reaching an agreement on the debt ceiling and expectations of the Fed scaling down its bond purchases before the end of this year. The Aussie Dollar weakened further after the domestic labour market report released earlier in the day showed that the number of job additions rose less than expected for September, even though the unemployment rate unexpectedly declined. With no domestic economic data scheduled during the week, the movement in the Australian Dollar will be impacted by news flows emanating from both sides of the Atlantic. Furthermore, investors will keep a tab on the RBA minutes and business ...

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