AUD opens slightly above US78¢ : vimarsana.com

AUD opens slightly above US78¢


5/9/2021 11:36:06 PM GMT
AUD - Australian Dollar
The Australian Dollar closed the week at 0.7841, not far from a multi-week peak at 0.7862, off the back of Friday’s disappointing US employment figures which put the greenback in sell-off mode. Higher gold prices also provided some additional support for the Aussie. On Friday we saw the release of AIG Performance of Services Index surged to 61 in April from 58.7 in the previous month. The Reserve Bank of Australia released the Statement on Monetary Policy for the month of May 2021. Highlighting they foresee strong global growth is expected this year and next as the global economy recovers from the pandemic. Vaccine supply is increasing, which is allowing some economies to ease restrictions and open up.

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