Forex

Aussie climbs versus greenback in Asia

2018-10-11 08:44:24 GMT (Economies.com)

Australian dollar rose against its US counterpart in Asian trade, ahead of US data later today while markets await the G20 summit in Bali, expected to include discussions on global growth and trade. 

 

As of 02:39 GMT, AUD/USD rose 0.28% to 0.7075, with an intraday high at 0.7080, and a low at 0.7046. 

 

Reserve Bank of Australia's Assistant Governor Luci Ellis participated in a panel discussion titled "Delivering Growth with Equity" at the Melbourne Institute's Economic and Social Outlook Conference, where she focused on the issue of supporting growth in both short and long terms, while an index tracking Australian consumer expectations for inflation steadied at 4.0% in October. 

 

Now investors await US consumer prices data, expected with a 0.2% increase, while analysts expect a 2.4% yearly increase, slowing down from 2.7% in August. 

 

Core prices are estimated with a 0.2% increase, up from 0.1% in August, while analysts expect a 2.3% yearly increase, up from 2.2%, as unemployment claims are estimated to have increased 3 thousand last week to 210K. 

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