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Money Aussie dollar teeters on the edge of 79 US cents

15:54  13 january  2018
15:54  13 january  2018 Source:   msn.com

Australia, New Zealand dollars supported by global commodity demand

  Australia, New Zealand dollars supported by global commodity demand The Aussie dollar (AUD=D4) was steady at $0.7826The Aussie dollar (AUD=D4) was steady at $0.7826, having made a fresh three-month top at $0.7845 overnight. It faces stiff chart resistance at $0.7884 and $0.7898, twin peaks from October.

The Aussie dollar is also lower against the yen and the euro. Currency snapshot at 0635 aedt on monday. One Australian dollar buys: * 79 .99 US cents , from 80.14 on Friday.

THE Australian dollar is back above 79 US cents - just. Reuters reported: “The index was down one per cent , after slipping to a four-month low of 90.954,” it said. The Aussie dollar is also higher against the yen but has fallen against the euro.

  Aussie dollar teeters on the edge of 79 US cents © Joel Carrett/AAP ImageThe Australian dollar has extended the gain it enjoyed from November's better-than-expected retail trade figures.

At 0635 AEDT on Friday, the Australian dollar was worth 78.92 US cents, up from 78.74 US cents on Thursday.

Local retail sales rose 1.2 per cent to $26.4 billion in November, seasonally adjusted, beating the 0.4 per cent rise economists had predicted.

It is the third consecutive month of growth following a rise of 0.5 per cent in October and 0.2 per cent in September.

Meanwhile, the US dollar has weakened following a fall in US producer prices.

The US dollar index, which measures the greenback against six rival currencies, was down 0.57 per cent at 91.808, after falling to a near-one-week low 91.808.

Aussie dollar eyes off 79 US cents

  Aussie dollar eyes off 79 US cents The Australian dollar has yo-yoed higher against its strengthened US counterpart with the focus now on the 78.80 US cent mark.At 0635 AEDT on Thursday, the Australian dollar was worth 78.32 US cents, up from 78.22 US cents on Wednesday.

The Australian dollar is firmly back below 79 US cents . Meanwhile, the Aussie dollar is hardly changed against either the yen or the euro. Currency snapshot at 0635 aedt on wednesday.

THE Australian dollar is fractionally shy of 80 US cents , with the US dollar weakening overnight amid fears of a possible federal government shutdown. At 0635 AEDT on Friday, the Australian dollar was worth 79 .96 US cents , up from 79 .70 US cents on Thursday.

The greenback extended losses after data showed US producer prices fell for the first time in nearly one-and-a-half years in December amid declining costs for services.

Weak inflation at the producer level could add to concerns that the factors restraining inflation could become more persistent and result in the Federal Reserve being more cautious about raising interest rates in 2018, Reuters reported.

While the Aussie dollar was strong against the US dollar, it has fallen against the yen and the euro.

CURRENCY SNAPSHOT AT 0635 AEDT ON FRIDAY

One Australian dollar buys:

* 78.92 US cents, from 78.74 on Thursday

* 87.66 Japanese yen, from 88.04 yen

* 65.55 euro cents, from 65.87 euro cents

(*Currency closes taken at 1700 AEDT previous local session)

Unemployment rate rises to 5.5% .
The unemployment rate rose to 5.5 per cent in December, but the economy added a higher-than-expected 34,700 jobs, the latest official figures show. Australia's unemployment rate has risen to 5.5 per cent, but the economy added more jobs than expected in DecemberThe national unemployment rate ticked up from 5.4 per cent in November in a surprise December result for the latest Australian Bureau of Statistics data, however, the total number of people with jobs rose by 34,700, more than the 15,000 increase economists had expected.Full-time employment rose by 15,100 jobs, while part-time positions increased by 19,500.

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