Daily Archives: 2009-05-20

AUD vs USD Exchange Rate Updates


From: www.ozforex.com.au

OzForex Daily Commentary – 20/05/2009

:: Australian Dollar: The much anticipated RBA minutes and rhetoric from Stevens and Henry delivered very little in new information to the markets. Governor Stevens echoed comments that have emanated from offshore recently predicting an upturn in global and Australian economic growth in late 2009 or early 2010. With commodity markets trading higher and risk sentiment improving once again early Europe took the Aussie dollar higher to take out previous highs at 0.7765 and post an eventual high near 0.7780. A sell off on U.S equity markets late in the session did drag the AUD lower to this mornings opening level of 0.7735 ahead of Australian first quarter wage price index and consumer sentiment data.

– We expect a range today in the AUD/USD rate of 0.7685 to 0.7765