The Aussie dollar opens the week above 67 cents. But how long will it last?

stop watch

In short

  1. The AUD/USD starts the week just above 67 cents
  2. The Australian dollar is up against the Euro, down against the British pound and flat against the NZ dollar and Yen
  3. Australian employment data out Thursday

AUD to USD exchange rates

In the last week0.66720.6750
In the last month0.66630.6887

Currency markets started the week how then ended it - fairly flat and quiet.

The Australian dollar has barely moved against the US dollar or any of the major currencies in the last few days. This is because there has not been any unexpected news to the market.

While the AUD/USD exchange rate has recovered from 11-year low last week, it hasn't been convincing. The mild recovery suggests that there could be further paid for the Australian dollar depending on how both Australia and China are affected by the COVID-19 virus.

This week, there isn't a great deal of economic data due out. The Australian Bureau of Statistics (ABS) will release labour force numbers including unemployment figures on Thursday. On the same day, the Chinese central bank will decide on official interest rates.

Up Next

JapanMondayGross Domestic Product (GDP)
AustraliaMondayRBA Meeting Minutes
USAWednesdayFOMC minutes
AustraliaTuesdayCBA PMI for January
AustraliaThursdayLabour force data
ChinaThursdayInterest rate decision
CanadaFridayRetail Sales