dollar is climbing ahead of the Reserve Bank of Australia’s
The Aussie dollar is up by 0.4% at .7521 per US dollar as of 7:43
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. Markets 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.
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.