The Australian dollar fell on Friday during the Asian trading session, as investors have noted a greater than expected increase in consumer and producer prices in China on an annualized basis. AUD / USD was trading at 0.7464, gaining 0.01% and USD / JPY rose 0.34% to 114.41. In China, consumer prices rose in November by 0.1% on a monthly basis, as expected, and by 2.3% year on year, although the expected increase of 2.2%. Consumer prices jumped at an annual rate of 3.3% instead of the expected 2.2%. In Australia, the volume of housing loans in October dipped by 0.8% in monthly terms, but is expected to fall by 1.0%.
Do you have an concerns about how the FED decision tomorrow might affect where this pair is going?
VitalyKaminsky
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@meepstone, There are some rumors that tomorrow will be a strengthening of the dollar before the New Year feast of. To narrow the price goes up, it would fall down tomorrow, and on this to make the most money. If something is not clear feel free to write