Brocker.Org: The Australian dollar is climbing

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Markets
Insider

The Australian
dollar
is climbing ahead of the Reserve Bank of Australia’s
Tuesday meeting.

The Aussie dollar is up by 0.4% at .7521 per US dollar as of 7:43
a.m. ET.

At Tuesday’s meeting, the RBA is expected to hold its key
rate at 1.50%. It’s been on hold for nine months.

As for the rest of the world, it’s pretty quiet out there
as of 7:46 a.m. ET. M
arkets around much of the world are
closed for May Day:

  • The US
    dollar index
    is little changed at 99.10 ahead of several data
    points. Personal income and spending will be out at 8:30 a.m. ET,
    while Markit US manufacturing and ISM manufacturing will be out
    at 9:45 and 10 a.m. ET, respectively.
  • The Japanese
    yen
    is down by 0.2% at 111.72 per dollar. Japan’s
    manufacturing PMI came in at 52.7 for April, below expectations
    of 52.8, and below the prior reading of 52.8.
  • Bitcoin
    touched a fresh all-time high. The cryptocurrency climbed
    above the $1,400 mark
    for the first time ever
    , but it has since pared those
    gains. As of 7:17 a.m. ET it trades up 4.1%, or
    $54.55, at $1,370 a coin.

 

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