The Australian dollar traded below a one-week high amid concern U.S. economic growth may be weaker than forecast, sapping demand for riskier assets.
The Australian and New Zealand dollars fell against most of their 16 major peers amid concern U.S. economic growth may be weaker than forecast, sapping demand for riskier assets.
The yen is set to snap this month’s advance against its Group of 10 peers, trading patterns suggest, amid speculation the Bank of Japan will have to expand monetary easing to ensure it meets an inflation target.
The euro declined to within 0.3 percent of its lowest level in two years, before reports forecast to show industrial production shrank in France and Italy as Europe’s debt crisis undermines growth.
Australia’s dollar strengthened after a report today showed gains in retail sales in September exceeded economist estimates while the nation’s trade deficit was smaller than expected.
"The U.S. economy has been doing so well."
- Joseph Capurso on Dec 29, 2014