{"id":8062,"date":"2010-03-29T08:35:43","date_gmt":"2010-03-29T12:35:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8062"},"modified":"2010-03-29T08:35:43","modified_gmt":"2010-03-29T12:35:43","slug":"aud-breaks-4-day-loss-rises-on-rba-governors-remarks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/29\/aud-breaks-4-day-loss-rises-on-rba-governors-remarks\/","title":{"rendered":"AUD Breaks 4 day Loss, Rises on RBA Governor\u2019s Remarks"},"content":{"rendered":"<p><strong>By Ashley Smith<\/strong> &#8211; The Australian Dollar ended its recent downward trend in today\u2019s  Asian and European trading, ahead of Wednesday\u2019s Retail Sales report  which is expected to shows February sales rose. The AUD was further  boosted be comments made by Reserve Bank of Australia Governor Glenn  Stevens hinting at further interest rate hikes. The bank has raised  rates at four of its past five meetings.<\/p>\n<p>Benchmark interest rates are 4%in Australia and 2.5% in New Zealand,  compared with 0.1% in Japan and as low as zero in the U.S. Higher yields  attract investors to the south pacific currency, along with strong  economic fundamentals that support tighter monetary policy and higher  interest rates. Australia\u2019s currency rose to 91.45 U.S. cents from 90.41  cents last week in New York. It also climbed to 84.54 yen. While the  U.S, U.K and Euro-Zone nations continue to exhibit mixed economic data,  raising doubts as to the strength and stability of their economic  recovery, Australia continues to perform consistently in par or above  expectations thus providing strong ground to continued monetary  tightening.<\/p>\n<p>The New Zealand Dollar also gained in today\u2019s trading, boosted by  equity gains in Asia and Europe and ahead of a report that is expected  to show that home building permits rose in February. New Zealand\u2019s  Dollar gained to 71.00 U.S. cents from last week and advanced to 65.53  Yen from 65.11 Yen.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex      Yard.<\/strong><\/a><\/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>By Ashley Smith &#8211; The Australian Dollar ended its recent downward trend in today\u2019s Asian and European trading, ahead of Wednesday\u2019s Retail Sales report which is expected to shows February sales rose. The AUD was further boosted be comments made by Reserve Bank of Australia Governor Glenn Stevens hinting at further interest rate hikes. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/29\/aud-breaks-4-day-loss-rises-on-rba-governors-remarks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD Breaks 4 day Loss, Rises on RBA Governor\u2019s Remarks&#8221;<\/span><\/a><\/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-8062","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8062","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=8062"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8062\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}