Australian dollar exchange rate
The Australian dollar’s exchange rate was mainly unchanged against its US counterpart even after a small increase in domestic retail sales moved sharply in reaction to the Reserve Bank of Australia’s monetary policy statement, analysts at Westpac noted on Tuesday.
The AUD to USD pair collapsed to below 1.04 on the RBA comments that showed that output growth came in lower than earlier estimates and lingering inflation concerns provided the room for easing.
NZD to USD remained quiet for most of the day, bouncing between a low of 0.8229 and the high of 0.8264. The AUD to NZD cross was soft, after having slipped below the 1.2620 level for the first time since October 2011.
The USD to JPY that slumped to 81.56 from 82.23 stabilized around 81.90/00. The EUR/USD held steady and hovered around the 1.3340 area for most of the session.
Analysts also noted that most of the Asian currencies remained firmer against the dollar, with the Indian rupee advancing 0.7 percent, South Korean won climbing 0.5 percent to 1125 from 1128, the Malaysian ringgit rising almost 0.3 percent to around 3.0450/60 from 3.0540 and the Singapore dollar capturing almost 20/25 pips to 1.2510.
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Was the quote in AMERICAN dollars?2009-07-25 12:45:01 by zagnutz2u
The Australian dollar is valued differently than the American. You might want to check out the exchange rate.
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