Australia’s Dollar Weakens on Germany’s Consumer Confidence
3:25 AM // 0 comments // Unknown // Category: Forex NewsThe Australian dollar fell today against most major currencies, before rebounding, as the report showed consumer confidence in Germany declined this month, reducing appeal of higher-yielding assets.
The drop of German confidence wasn’t very big as the GfK indicator retreated just to 5.2 in August from 5.3 in the month before. The report explained:
Despite the current crisis on the financial markets, Germans’ willingness to buy is surprisingly robust and increased further in August from an already high level. However, the worsening of the international debt crisis and rising fears of a return to recession for the global economy have clearly left their mark on the economic optimism of Germans.
AUD/USD traded at about 1.0466 today as of 11:16 GMT after dropping from 1.0471 to 1.0428.
If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.
wait
Related posts :
0 comments for this post
Leave a reply
TOP POST
-
Euro is turning lower today, after some gains earlier. Now, though, the 17-nation currency is falling back as Forex traders try to determine...
-
The US dollar gained today as signs of an economic slowdown in China damped risk appetite of investors and made them to return to the safety...
-
Vietnam //
-
Name: Jin Mei XiEnglish name: Olwen Jin Date of birth: August 21, Place of birth: Shandong Province Yantai City, China Height: 175 cm Weig...
-
As you'll recall from yesterday, there was one small detail that stood out in Microsoft's announcement of a new preview program for...
-
Chinese Stunning Model Anata Wang Ying
-
The first of Dalao class was commissioned in 2010 and within one year, the second boat was launched. Quietly, PLAN's submarine force is ...
-
Elly Tran Ha is an American-borned-Vietnamese, who has recently moved back to Vietnam from the USA. She works as a part-time model while fur...
-
The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the fra...
-
Hot And Sexy Upcoming Actress Uthpala Madushani, Uthpala Madushani Hot, Uthpala Madushani Bikini, Uthpala Madushani sexy, Uthpala Madushan...
Total Pageviews
- 2008 - 2009 SimplexDesign. Content in my blog is licensed under a Creative Commons License.
- SimplexPro template designed by Simplex Design.
- Powered by Blogger.com.