Home >

International Crude Oil Prices Jumped &Nbsp; The Australian Dollar Closed Against The US Dollar.

2012/3/24 21:29:00 28

Forex Australian Dollars

Zhou Aoyuandui

dollar

On Friday, Asia's early morning trading continued its rally from 1.0355 lows overnight, hitting a high of 1.0415 points. However, the weakness of PMI data in China and the euro area triggered investors' concerns about the global economic outlook, as well as the decline in commodity prices and oil prices, which suppressed the risk of currency Australian dollars and dragged down the exchange rate to 1.0375 level.


China's leading indicators rose on Friday, and Italy's retail sales month rate increased by 0.7% in January, much better than last month's fall of 1.1%, which has changed the weakness of Thursday's data in China and Europe. In addition, the news of China's lower deposit rate further pushed the risk appetite to pick up. European stock markets opened up and the dollar fell. The Aussie dollar rebounded strongly to 1.0445 intraday highs, but then went down.


In the early morning of New York, the new housing sales data released by the US Department of Commerce showed poor performance, which once again confirmed the weakness of the US housing market in the US housing sales figures.

Data show that the US new housing sales month rate fell 1.6% in February, worse than expected, resulting in the decline of European and American stocks. The Australian dollar continued to slide against the US dollar, hitting a new low of 1.0370, but rebounded after the US stock fell to its key point, which improved the sentiment of the market and made the US dollar slide across the board, pushing the Australian dollar to a strong rebound against the US dollar and hitting the 1.0470 high point.


  

New market

In the US and Europe, the stock market maintained its upward trend, plus the news that the euro zone firewall ceiling was raised to 700 billion euros, and the proposal to maintain its lending capacity at 500 billion euros is being supported by Germany and other euro zone countries.

In addition, the cabinet of Italy approved the framework for the reform of labor force, and the risk appetite continued to stabilize, and the Australian dollar continued to strengthen.

However, the deadline for Greece to postpone its participation in overseas issuance of legal tender bonds has limited the further increase in the exchange rate.


Technically, the Australian dollar against the US dollar KD chart is a classic departure form.

Australian dollar

In the near term, the crash or the end has been suggested. It is suggested that the bargain should be done; for the short term, there will be some downward pressure on the top of the hourly graph.


Yi Hui Tong (yht.fx678.com) quotation Center shows that Beijing time 05:30, Australian dollar to the US dollar 1.0466/69.

  • Related reading

Greece'S CDS Problem Is Properly Resolved &Nbsp; Euro Soaring

Foreign exchange trend
|
2012/3/20 17:23:00
14

China'S February Deposit Rate Or "Forced Landing"

Foreign exchange trend
|
2012/3/20 9:17:00
13

Global Upward Trend Is Not Sustainable &Nbsp; A Shares Are Volatile.

Foreign exchange trend
|
2012/3/19 12:43:00
12

The US Dollar Fell &Nbsp After A Continuous Rise; The Central Parity Of RMB Increased.

Foreign exchange trend
|
2012/3/18 20:59:00
11

Euro Shocks &Nbsp Above USD 1.3080; Pays Attention To Euro Area Trade Account.

Foreign exchange trend
|
2012/3/16 17:41:00
2
Read the next article

Liu Ligang: Watch More Opportunities For China'S Stock Market.

Europe's risk reduction and US economic performance are worth looking forward to, suggesting that the external environment seems to be improving, and this year's domestic liquidity is also expected to be loosened, coupled with policy support. These factors are likely to support a wave of rising Chinese stock market with relatively reasonable valuations.