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Australia's dollar resumed weaker

Australia's dollar weaker in Asia

Australia's dollar and the Japanese yen resumed weaker in Asia today, amid the greenback gaining greater momentum and the Federal Reserve likely performing a rate hike by the end of 2016.

Australia's dollar to 0.7599

The AUD/USD traded to 0.7599, declining 0.18, the USD/JPY to 103.44, rising 0.25%, and the GBP/USD to 1.2216, decelerating 0.19%. The U.S. dollar index traded to 98.80, rising 0.16%.

Oil prices weaken following OPEC's disagreement

Following the disagreement within the OPEC cartel, the oil prices declined.

The International Brent crude oil reached the $51.38 level, falling 8 cents. The WTI crude traded to $50.51 a barrel, declining 1 cent.

Gold higher during the EU session

Gold aimed higher, during the European trading session, despite the weak gains.

On the New York Mercantile Exchange, in the Comex division, the precious commodity for December delivery reached the $1,267.85 a troy ounce, fastening 0.33% or $4.15.

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Tuesday, 25 Oct, 2016 / 7:33

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/australia-s-dollar-resumed-weaker

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