Australian dollar rises on soft U.S. retail sales
Source: Xinhua   2016-09-16 07:36:26

SYDNEY, Sept. 16 (Xinhua) -- The Australian dollar has risen more than half a U.S. cent as the greenback fell on disappointing U.S. retail sales numbers, dousing market expectations of an imminent rate rise.

At the Asian open on Friday, the local unit was trading at 75.18 U.S. cents, up from 74.56 U.S. cents on Thursday.

Commonwealth Bank of Australia chief currency strategist Richard Grace in a note said the reason the Australian dollar has lifted back above 75.00 U.S. cents was because global equity markets increased overnight.

"Commodity prices put in a mixed performance and the greenback showed a limited reaction to (a) weaker than expected key U.S. economic data," Grace said.

"The Australian dollar out-performed against the major crosses, but levels were maintained within this week's established ranges," he said.

At 0918 local time (AEST), the Australian dollar was trading at 75.19 U.S. cents.

Editor: Hou Qiang
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Australian dollar rises on soft U.S. retail sales

Source: Xinhua 2016-09-16 07:36:26
[Editor: huaxia]

SYDNEY, Sept. 16 (Xinhua) -- The Australian dollar has risen more than half a U.S. cent as the greenback fell on disappointing U.S. retail sales numbers, dousing market expectations of an imminent rate rise.

At the Asian open on Friday, the local unit was trading at 75.18 U.S. cents, up from 74.56 U.S. cents on Thursday.

Commonwealth Bank of Australia chief currency strategist Richard Grace in a note said the reason the Australian dollar has lifted back above 75.00 U.S. cents was because global equity markets increased overnight.

"Commodity prices put in a mixed performance and the greenback showed a limited reaction to (a) weaker than expected key U.S. economic data," Grace said.

"The Australian dollar out-performed against the major crosses, but levels were maintained within this week's established ranges," he said.

At 0918 local time (AEST), the Australian dollar was trading at 75.19 U.S. cents.

[Editor: huaxia]
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