Wednesday, September 8, 2010

AUD grows on strengthening the gold and some important data on the credit activity in Australia

Main commodity currencies - no, not the ruble - and the Australian dollar is in positive territory on Wednesday during the day amid rising prices for gold and other metals. Gold is experiencing a new impetus to the demand side, after renewed fears for the safety of capital in European peripheral countries state bonds. It quotes the yellow metal on the spot market are at 1260 dollars per troy ounce, and the global maximum in June, is 1265 dollars.
In addition to these external factors, influences and quotations and internal statistics. According to the Australian Bureau of Statistics the number of loans for housing purchase rose in July at 1.7%, exceeding forecasts. As seen in the overall lending market chart indicates consolidation at a low level after a sharp downturn. But further positive momentum is likely to intensify as the RBA keeps key interest rate unchanged, and the labor market, while continuing to show growth in employment. For the latest employment data will be published on Thursday morning and is expected to increase employment by 25 thousand, and the decline in unemployment to 5.2%.

Translate this page

Search This Blog