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Australian Dollar Remains Firm

The Australian dollar traded around $0.70, near multi-week highs as stronger-than-expected household spending reinforced signs of resilient domestic demand ahead of the Reserve Bank’s monetary policy meeting next week.Household spending rose 0.8% in June, well above forecasts of 0.2%, driven by ano…

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Australian Dollar Near 7-Week High

The Australian dollar rose above $0.70, approaching its strongest level in seven weeks as broad weakness in the US dollar and hopes of diplomatic talks in the Middle East offset fading expectations of domestic interest rate hikes.Markets imply next to no chance the Reserve Bank of Australia will hi…

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