1 Dec 2014
AUD/USd continues to test the committed bulls out marking new lows
FXStreet (Guatemala) - AUD/USD is trading at 0.8431, down -0.94% on the day, having posted a daily high at 0.8484 and low at 0.8424.
AUD/USD has suffered the first round of data to come in respect of its manufacturing business sector for November. While it continues to read above 50 and expand, the number was slightly disappointing respect to the expectations of 50.6 vs 50.3 actual.
We now await the HSBC’s Manufacturing PMI results as the aussie continues to sank lower at time of writing, down on the day on the back of other events already that took place.
Gold has been the main catalyst for the lower price and a stringer greenbacks is leading us into the start of the week. Gold (Spot: $1,250.20 and $1,142.60 the low) took the commodity currencies lower on the back of a no vote in the Swiss referendum where the SNB where voted against increasing their gold reserves.
AUD/USD has suffered the first round of data to come in respect of its manufacturing business sector for November. While it continues to read above 50 and expand, the number was slightly disappointing respect to the expectations of 50.6 vs 50.3 actual.
We now await the HSBC’s Manufacturing PMI results as the aussie continues to sank lower at time of writing, down on the day on the back of other events already that took place.
Gold has been the main catalyst for the lower price and a stringer greenbacks is leading us into the start of the week. Gold (Spot: $1,250.20 and $1,142.60 the low) took the commodity currencies lower on the back of a no vote in the Swiss referendum where the SNB where voted against increasing their gold reserves.