Jump to content

You're currently viewing the forum as a Guest
register-now-button_orig.png
and join in with discussions   
ask migration questions
message other members

..and much much more!

Sign in to follow this  
John from Moneycorp

Australian dollar update 22/11/2011

Recommended Posts

In a busy week, the Australian Bureau of Statistics delivered a series of data that tended towards the low side of expectations. A 1.1% monthly increase in motor vehicle sales wasn’t enough to offset the previous month's -1.4% fall. The wage price index – an indicator of labour cost inflation and tightness in the jobs market – edged down from 3.8% to 3.6% in the third quarter of the year. Average weekly wages provided a counterpoint, accelerating by 5.3% in the year to August after a 4.4% increase in the year to July.

It was investor risk appetite that once again exerted the most influence on the Aussie dollar. Nervousness about the situation in Euroland extends to nervousness about the global economy, and investors are concerned for Australia's economic future. Unless EU leaders can pull something out of the fire, the Australian dollar looks more likely to go down than up.

Share this post


Link to post
Share on other sites
Guest gavnicjacflo

dollar weaken music to my ears!

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×