Australian dollar rises to five-week high against US dollar
AUD/USD rose to 0.7055 in Asian trading, its highest level since Sept. 23, as Australia’s third-quarter CPI ran hot.
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AUD/USD rose to 0.7055 in Asian trading, its highest level since Sept. 23, as Australia’s third-quarter CPI ran hot.
The Australian dollar rose toward $0.70, bouncing off multi-month lows as markets assessed comments from the central bank. Reserve Bank of Australia Assistant Governor Christopher Kent acknowledged signs of faster-than-expected labor market easing, but cautioned against reading too much into one month of data. Septembe
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.