Aust dollar steadies at noon


But despite initially falling on the news, the Australian dollar has stabilised on Friday and remains resilient, Westpac senior currency strategist Sean Callow said. "The Australian dollar did respond to the news and did show some nervousness, falling in New York trade from about US93. 75c to US93. 36c," Mr Callow said. "But since then it has stabilised - there's no sign of panic, the markets are not regarding the downing of the aircraft as a major economic or financial event and not something with profound implications for markets. "We've got a sea of red in regional equity markets but the Aussie dollar is proving fairly resilient.

Read more here: Business Spectator


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>