The Australian dollar is trading higher today, making a run for the US77c mark before pulling back after strong local data released earlier today.

At 3.09pm (GMT) the Aussie dollar was trading at US76.54c after reaching a high of US76.98c earlier in the day.

The Latest National Australia Bank (NAB) business conditions survey hit the market today at 16, well up on last month’s figure of 10 and marks the highest number since November 2007.

The news according to some analysts may catch the Reserve Bank of Australia’s attention and a rate hike, not cut may now be on the table,

"Consumers expect higher inflation in the period ahead, and on the back of the latest business results it seems that the consumers surveyed are on the money,” noted Craig James, chief economist at Commsec

"The balance has shifted from rate cuts to rate hikes. One swallow does not a summer make, but clearly each data reading needs to be carefully watched from here," he added.

According to historical data, the Australian dollar should be higher than its current position due to the remarkable recovery in the Iron ore price which the Aussie dollar usually follows in tandem but is notably lacking behind.

The reasoning behind this according to JP Morgan chief economist and currency strategist Sally Auld, is that most of the profits generated from iron ore and other commodities are now leaving the country, whereas during the recent mining boom it were being invested in developing more mines,

"When we were in the middle of the mining investment boom, revenue flows were reinvested in Australia into building more mines and employing more people. That was positive for the local economy – it grew above trend and the RBA raised interest rates, which was positive for the currency. She said

"This time revenues are not being redeployed. They're going offshore." She added.

المواد المنشورة في في هذه الصفحة تم إنتاجها من قبل شركات فيبو جروب، ولا ينبغي اعتباره كتقديم المشورة في مجال الاستثمار بهدف التوجيه رقم 2004/39/EC. علاوة على ذلك لم يتم إعدادها وفقا للمتطلبات القانونية لهدف تعزيز استقلال أبحاث الاستثمار ولا يخضع إلى أي حظر على التعامل قبل نشر أبحاث الاستثمار.

Analyst

عالم التداول ليس له اي حدود

التجارة على CFD والتي هي صكوك صعبة, مرتبطة بمخاطر الفقدان السريع للأموال بسبب الرافعة المالية. نسبة 58% من المستثمرين يخسرون اموالهم اثناء التداول على CFD. عليك ان تأخذ بعين الأعتبار خطر امكانية فقدان جميع اموال الأستثمار في حال عدم دراسة كيفية التداول بالعقود على فرق الأسعار  

IMPORTANT: Please be informed, that our services are available for Professional Clients only. Our website is currently under review for the implementation of the correspondent amendments.

ملاحظة هامة
بالنقر على "متابعة" سيتم توجيهك إلى موقع تديرها شركة فيبو جروب، ليميتد مسجلة في جزر فيرجن البريطانية والتي ينظمها منتدى التعاون الأمني. يمكنك التعرف على شروط اتفاقية العميل بالانتقال وفق هدا الرابط. انقر على زر "إلغاء" لتبقى على هذه الصفحة.