Xinhua, Sydney :
The Australian dollar has taken a dive against the greenback on Friday after strong economic data and positive comments from the U.S. Federal Reserve strengthened the American currency.
At the Asian market open 7 a.m. (AEDT), the Australian dollar was trading at 77.90 U.S. cents, down from 78.27 U.S. cents on Thursday.
“U.S. factory orders rose 1.2 percent in August, less affected by the hurricanes than expected. Durable goods orders for August were finalized at +2.0 percent,” Westpac Bank’s senior market strategist Imre Speizer told investors in a morning note.
Following the data, San Francisco Federal Reserve Bank President John Williams said: “One more hike this year and another three next year are appropriate given the economy’s strength.”
At 9:30 a.m. (AEDT), the Australian dollar was buying 77.91 U.S. cents.
The Australian dollar has taken a dive against the greenback on Friday after strong economic data and positive comments from the U.S. Federal Reserve strengthened the American currency.
At the Asian market open 7 a.m. (AEDT), the Australian dollar was trading at 77.90 U.S. cents, down from 78.27 U.S. cents on Thursday.
“U.S. factory orders rose 1.2 percent in August, less affected by the hurricanes than expected. Durable goods orders for August were finalized at +2.0 percent,” Westpac Bank’s senior market strategist Imre Speizer told investors in a morning note.
Following the data, San Francisco Federal Reserve Bank President John Williams said: “One more hike this year and another three next year are appropriate given the economy’s strength.”
At 9:30 a.m. (AEDT), the Australian dollar was buying 77.91 U.S. cents.
