• Australian Dollar Steady Ahead of Inflation Data

Noticias del mercado

24 octubre 2016

Australian Dollar Steady Ahead of Inflation Data

The Australian dollar was relatively stable Monday, hovering around 76 U.S. cents, as traders remained on the sidelines ahead of major data releases later this week.

This morning the currency was trading at US$0.7612, barely higher from where it was when Sydney's stock market opened Monday.

Analysts said the Australian dollar's latest strength rests on soaring prices for coal and iron ore--the country's biggest export commodities.

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