Finance

The Australian dollar is climbing

australian dollars to us dollarsMarkets Insider

The Australian dollar is climbing ahead of the Reserve Bank of Australia’s Tuesday meeting.

The Aussie dollar is up by 0.4% at .7521 per US dollar as of 7:43 a.m. ET.

At Tuesday’s meeting, the RBA is expected to hold its key rate at 1.50%. It’s been on hold for nine months.

As for the rest of the world, it’s pretty quiet out there as of 7:46 a.m. ET. Markets around much of the world are closed for May Day:

  • The US dollar index is little changed at 99.10 ahead of several data points. Personal income and spending will be out at 8:30 a.m. ET, while Markit US manufacturing and ISM manufacturing will be out at 9:45 and 10 a.m. ET, respectively.
  • The Japanese yen is down by 0.2% at 111.72 per dollar. Japan’s manufacturing PMI came in at 52.7 for April, below expectations of 52.8, and below the prior reading of 52.8.
  • Bitcoin touched a fresh all-time high. The cryptocurrency climbed above the $1,400 mark for the first time ever, but it has since pared those gains. As of 7:17 a.m. ET it trades up 4.1%, or $54.55, at $1,370 a coin.

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