AUD/USD Performance Chart as at 3:30 a.m. Singapore time, 04/05/11

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HISTORICAL DETAILS 

% Change

1 Wk 1.05%

1 Month 4.92%

3 Months 7.89%

6 Months 9.03%

1 Year 17.91%

 

52 WEEK

High 1.1012

Low 0.8067

 

BLOOMBERG MEDIAN FORECASTS

Q2 2011 1.02

Q3 2011 1.02

Q4 2011 1.01

Q1 2011 1.00

 

DAILY DETAIL

The Australian dollar slipped further away from a post-float high above $1.10, currently at $1.0878, after the Australian central bank kept rates at 4.75% as expected and sounded a bit less hawkish than expected. The decision was expected, with all but one of the 13 economists surveyed last week by AAP predicting the central bank would keep rates on hold. In a statement accompanying the decision, RBA governor Glenn Stevens said ‘‘The recent information suggests that the marked decline in underlying inflation from the peak in 2008 has now run its course.” At the local close in Melbourne, the dollar was trading at $108.87, down from early Tuesday morning when the unit reached $110.11, its highest level since the currency was floated in December 1983. [3]Paolo Palazzi-Xirinachs, Chicago

 

Notes: Sources: [1] Reuters (3 May 2011), [2] Bloomberg News UK (3 May 2011), [3] Sydney Morning Herald (3 May 2011), [4] New York Times (3 May 2011). Chart data supplied by Bloomberg.