Falls in the greenback have helped the Australian dollar climb higher.
At 12pm (AEDT) on Tuesday, the local currency was trading at US75.46 cents, up from US74.94 cents on Thursday.
The greenback lost
ground overnight after weaker-than-expected US economic data reduced
concerns about potential interest rate rises.
BK Asset Management
managing director Kathy Lien says it’ll be a pivotal week for the
greenback, which will impact the Aussie’s fortunes too.
US Federal Reserve
Chair Janet Yellen will give a speech on Wednesday morning (AEDT) and a
key US labour market report is due out on Friday night, she said.
Source : Market Spectator
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