Investing.com - The Australian dollar showed some strength early in Asia on Wednesday ahead of a leading indicator and a central bank review of the economy.
AUD/USD traded at 0.8854, up 0.15%, while USD/JPY was at 108.82, down 0.08%.
Australia's Conference Board's Leading Indicators for July and Skilled Vacancies for August (1000 and 1100 local, 2400 and 0100 GMT respectively).
Japanese flash Manufacturing PMI for September at 1035 am local (0135 GMT) is due as well as the Reserve Bank of Australia's Financial Stability Review at 1130 local (0130 GMT).
Overnight, the dollar traded mixed to lower against most major currencies despite solid U.S. data, as investors locked in gains and sold the greenback for profits, ending a rally fueled by expectations that U.S. monetary policy is set to diverge with those of its peers.
Meanwhile, Markit Economics reported earlier that its preliminary U.S. manufacturing purchasing managers’ index came in at 57.9 in September, unchanged from August and the highest since April 2010 though shy of market calls for a 58.0 reading.
A separate report showed that the Federal Reserve Bank of Richmond’s monthly manufacturing index rose to 14 this month from 12 in August, defying market forecasts for a decline to 10.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.03% at 84.84.
On Wednesday, markets will move on new home sales numbers in the U.S.
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Forex - Australian dollar gains ahead of indicator, central bank review
Published 09/23/2014, 07:11 PM
Updated 09/23/2014, 07:13 PM
Forex - Australian dollar gains ahead of indicator, central bank review
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