Forex: AUD/USD steady in American trading

on Jul 23, 2013
Listen Tuesday July 23th:_ The aussie has fallen against the greenback since the New York opening today, with the pair down 0.63 percent to an intraday low at 0.9220 so far.

Earlier today the AUD/USD hit a one-week high at 0.9283, boosted by the rising gold price and buoyant Asian share markets.
The spot price of gold in Sydney today finished at US$1331.05, well up on yesterday’s US$1317.70.
The US Redbook Index for the week ended July 14 came out at 13:55 BST today, closely followed by the Housing Price Index for May m/m.

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As reported by Redbook Research, the Johnson Redbook Index was up 0.9 percent m/m, from the prior’s week 0.8 percent. The annualised reading was up 3.3 percent in the week, as against the prior week’s reading of three percent.
And the National Association of Realtors’ US Housing Price Index climbed 0.7 percent in May m/m, from Aril’s revised 0.5 percent rise.
The pair has remained steady since the releases and is currently hovering around 0.9235/40.


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AUD Forex