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Forex - Australian dolalr weaker ahead of central bank events

Published 07/21/2014, 07:23 PM
Updated 07/21/2014, 07:25 PM
Australian dollar weaker

Investing.com - The Australian dollar opened weaker in Asia on Tuesday and the Japanese yen was flat with markets re-open after a long weekend.

AUD/USD traded at 0.9365, down 0.10%, as Reserve Bank of Australia's Guy Debelle is a panel participant at a Latin America Australia Investors Forum in Sydney at 0925 (2325 GMT).

Then RBA Governor Glenn Stevens is due to speak at the Anika Foundation luncheon in Sydney at 1300 (0300 GMT) on the topic "Issues in Economic Policy."

USD/JPY traded flat at 101.40.

Overnight, the dollar traded steady to higher against most major currencies in cautious trading with investors on the sidelines in safe-haven greenback positions monitoring events in Ukraine and Gaza.
Dollar steady as world eyes Ukraine, Gaza unrest Dollar steady due to lack of U.S. data, safe-haven demand

Concerns that tensions in Ukraine could escalate kept investors camped out in safe-haven dollar positions, especially amid reports that Ukrainian troops were moving into the rebel-held city of Donetsk only days after pro-Russian separatists allegedly shot down a Malaysian Airlines flight with a missile.

Meanwhile in the Middle East, Israel pressed on with its ground offensive in Gaza in a conflict that has killed hundreds.

Earlier Monday, U.S. President Barack Obama said he was concerned about the violence and called for a ceasefire in Gaza.

Obama also accused pro-Russian separatists of tampering with evidence pointing to the cause for the Malaysian Airlines crash, adding that the burden lies on Russia to find and disclose that evidence.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was flat at 80.62.

On Tuesday, the U.S. is to release reports on consumer price inflation and existing home sales.

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