{"id":13792,"date":"2010-10-07T08:14:00","date_gmt":"2010-10-07T12:14:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13792"},"modified":"2010-10-07T08:14:00","modified_gmt":"2010-10-07T12:14:00","slug":"aussie-dollar-moves-closer-to-parity","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/07\/aussie-dollar-moves-closer-to-parity\/","title":{"rendered":"Aussie Dollar Moves Closer to Parity"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; Strong employment data from Australia helped to lift the Aussie  dollar as the AUD\/USD eyes the 1.00 level. An interest rate differential  between Australia and the US has given traders reason to continue  buying the Aussie Dollar. As the Fed mulls further easing of monetary  policy the gains in the pair should continue.<\/p>\n<p>Today\u2019s Market Events:<\/p>\n<p>GBP \u2013 MPC Rate Statement and Asset Purchase Facility \u2013 11:00 GMT<br \/>\nExpectations: 0.5%, 200Bn. Previous: 0.5%, 200Bn.<\/p>\n<p>Economists are not expecting any changes to British interest rates or  to the levels of quantitative easing by the Bank of England. Inflation  expectations and comments on the British government\u2019s talk to lower  government spending could make waves. The next target for the GBP\/USD is  the 1.6000.<\/p>\n<p>EUR \u2013 Minimum Bid Rate \u2013 11:45 GMT<br \/>\nExpectations: 1.00%. Previous: 1.00%.<\/p>\n<p>No change is expected in the European Central Bank interest rate but  President Trichet may put further support behind the euro while  encouraging further buying. Now that the EUR\/USD has taken out the March  resistance at 1.3817, the 2010 high of 1.4578 may come into play.<\/p>\n<p>USD \u2013 Unemployment Claims \u2013 12:30 GMT<br \/>\nExpectations: 454K. Previous: 453K.<\/p>\n<p>If yesterday\u2019s ADP unemployment data was a preview of what the weekly  unemployment numbers will look like, the dollar may be in for further  selling today. The USD\/JPY could continue to fall towards its all-time  low of 79.70.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                            may     not    be          suitable     for     all                       investors.            There       is   a                                      possibility              that                   you         could                   sustain a    loss          of   all        of            your                                investment  and                              therefore    you                    should       not                invest                money      that        you                       cannot             afford to                     lose.   You                    should        be            aware        of              all        the          risks                         associated          with               Foreign               Exchange                       trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong employment data from Australia helped to lift the Aussie dollar as the AUD\/USD eyes the 1.00 level. An interest rate differential between Australia and the US has given traders reason<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13792","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13792"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}