The dollar languished below the psychological 140 yen level Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday.
Thewas last down 0.15% at $0.6507, heading back toward last week's 6 1/2-month low of $0.6490. It sank as much as 0.38% at its lowest point, immediately after climbing as much as 0.33%.
"We have to remember that the Aussie is a pro-growth currency, strongly linked to the outlook for commodities, and we've seen commodities under pressure of late," said Rodrigo Catril, senior foreign-exchange strategist at National Australia Bank. "The lack of positive news coming from economic activity in China is exacerbating that view, and proving to be the dominant one," trumping increased likelihood for further Reserve Bank of Australia tightening "sooner rather than later" following a hotter-than-expected consumer price reading, he said.climbed as much as 0.38% to 7.1171 for the first time since Nov. 30.following a 0.
"I think the real line in the sand is 150," added Wakabayashi, who expects diverging monetary policy outlooks in Japan and the United States to continue to push the currency pair higher. "If we get above 145, we're going to see pretty much every Japanese official on the wires trying to talk it down, and if they don't like what they see, they're going to act," he said, referring to the risk of currency intervention.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AUD/USD grinds above 0.6500 on hawkish RBA’s Lowe ahead of China PMI, Aussie inflationAUD/USD picks up bids to pare the previous day’s losses around 0.6520, after snapping two-day uptrend, as Reserve Bank of Australia (RBA) Governor Phi
Leer más »
Million-dollar mystery of 3 new 2010 Tesla Roadsters found in China solvedA trio of 2010 Tesla Roadsters discovered in shipping containers in China, where they had been sitting for 13 years, were apparently ordered by a startup that went bankrupt.
Leer más »
China urges Japan to halt export restrictions on chipsChinese Commerce Minister Wang Wentao urged Japan to halt semiconductor export controls, calling it a 'wrongdoing' that 'seriously violated' international economic and trade rules, a statement from his ministry said on Monday.
Leer más »
Toyota's April global sales rise on stronger demand in Japan, ChinaToyota Motor Corp's global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China.
Leer más »
China urges Japan to end curbs on chip exports | CNN BusinessChina’s commerce minister has urged Japan to end its newly announced curbs on exports of chipmaking equipment, saying it would hurt economic and trade relations between the two countries.
Leer más »
Breakingviews - Aussie billionaires’ solar spat enters new phaseThe battle between two of Australia’s richest men for control of bankrupt renewables startup Sun Cable has ended in a whimper. On Friday Mike Cannon-Brookes, co-chief of technology company Atlassian, won the auction for the firm via his Grok Ventures fund, bidding less than A$100 million ($65 million) per an estimate by the Australian Financial Review . Surprisingly absent from the final bout was Squadron Energy, one of Fortescue Metals founder Andrew Forrest’s investment companies. Both were early investors in Sun Cable; their spat over its strategy plunged the firm into administration in January.
Leer más »