Aussie stops its 2-day rally before unemployment data

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Source: Bloomberg
The Australian Dollar stopped its 2-day strengthening before unemployment data, which may indicate that jobless rate rose to the highest level in 3 months. The Aussie Dollar traded at $1.0201 after gaining 0.2% in previous 2 days. Australia's currency stayed unchanged at 79.86 yen, whereas New Zealand's Dollar fell 0.3% to 81.59 U.S. cents.
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Wed, 10 Oct 2012 08:13:07 GMT

Australia consumer confidence rises in October

Australian consumer sentiment advanced marginally in October, Westpac and Melbourne Institute reported on Wednesday. However pessimists outnumbered optimists even after an unexpected quarter-point cut in the cash rate by the RBA early this month. The headline consumer sentiment index added 1% to 99.2, compared to 98.2 in September.

Wed, 10 Oct 2012 10:03:10 GMT

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