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Australian Dollar falls flat to end the week lower

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In short

  1. The Australian dollar falls but remains above 68 cents
  2. USD and JPY strengthen
  3. Important Australian inflation (CPI) data next week

AUD to USD exchange rates

TimeOpenHighLow
Today0.6828
Yesterday0.68120.6846
In the last week0.68120.6880
In the 3 months0.66760.6978

The AUD to USD rate fell overnight as tensions between the US and China rose once again. This has left the Australian dollar weaker after posting some strong gains earlier in the week.

It also fell against the Japanese Yen and the Euro as so called 'riskier' currencies like the Aussie dollar got sold down.

Moving into next week, the Australian dollar seems caught in the tide of global politics. Most of the major moves in the exchange rate over the past few weeks have come from events such Brexit or the US China trade war rather than economic data.

Having said that, the CPI or inflation data due out next week in Australia should have a strong influence on the local currency.

 

Up Next

This week, it's all about interest rates. Central banks in China and the EU meet and decide on the official interest rates for 2 of the largest economies in the world.

In Australia, there is very little market news out.

 

CountryDayEvent
ChinaMondayPBoC Interest Rate Decision
AustraliaWednesdayPMI Manufacturing data
EurozoneThursdayInterest Rate Decision

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