AUD/USD Performance Chart as at 3:30 a.m. Singapore time, 27/04/11

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HISTORICAL DETAILS 

% Change

1 Wk 2.25%

1 Month 4.90%

3 Months 7.71%

6 Months 9.22%

1 Year 16.01%

 

52 WEEK

High 1.0776

Low 0.8067

 

BLOOMBERG MEDIAN FORECASTS

Q2 2011 1.02

Q3 2011 1.01

Q4 2011 1.00

Q1 2011 0.99

 

DAILY DETAIL

As the US dollar continues to be weighed down by accommodative Fed policy, the aussie continued today to challenge new highs up 0.5% at $1.0778, very close to its post-float high of $1.0792 touched earlier in the New York session. Strength in commodity prices on the back of growing inflation fears and continuing Middle Eastern turmoil helped the aussie higher in early morning Asian trade. But, the commodities rise was short-lived, as silver prices fell sharply this morning after failing to breach technical resistance, weighing on other commodity prices across the board. The US dollar continues to be sluggish, as investors are reluctant to take positions ahead of the Federal Reserve policy meetings beginning today, with the market expecting the central bank to leave policy unchanged. Australia's next key economic event is first quarter inflation data due on Wednesday, with expectations of a quarterly rise of 1.2% and underlying measures at 0.7%. [4] Paolo Palazzi-Xirinachs, Chicago

 

Notes: Source: [1] Reuters (26 April 2011), [2] Bloomberg UK (26 April 2011), [3] Reuters UK (26 April 2011), [4] Sydney Morning Herald (26 April 2011), [5] Wall Street Journal (26 April 2011). Chart data supplied by Bloomberg.