Throughout the year 2015 movement Aussie dollar is still weak, since financial crisis in 2008. The Aussie dollar is weakening exchange rate of approximately 10.5 per cent since the closure of the trade by 2014. This is dominated by weakening commodity prices in particular metal that more cheap and make impact for the currency of this commodity.
Initiate a trade late in the Asian session this morning (31/12), one of the globa lcommodities currencies Aussie Dollar try to hike back after overnight trade was beaten commodity prices caused by the prices of crude oil prices in the world.
Another caused by the world economic is not in good condition have impact for the crude oil fundamentals by global supply glut is getting worse after EIA data announces the supply of crude oil the United States surged higher in the week endingDecember 25. Last week the crude oil supply hike to 2.63 million barrels the previous week while terkontraksi at minus 5.8 million barrels.
The movement of the us dollar index trades observed this evening will be rectified bythe weekly unemployment claims data sentiment which is expected to show the addition of data, although trading this morning the dollar still looks strong.
The exchange rate movement of the Aussie Asian session (02:45:35 GMT) moving stronger against the u.s. dollar, after opening weak in early trade at 0.7286 (00.00 GMT), AUDUSD pair up 15 pips or 0.1% and scrolling values are at 0.7301.
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