Aust dollar steady in late trade

By Elizabeth Redman

FXCM market analyst David de Ferranti said geopolitical turmoil was still on the radar for traders, but its influence over high-yielding currencies appeared to have waned. "At this stage, it would likely take a significant escalation and greater international response to cause the required panic amongst traders to leave a dent in the Australian dollar," Mr de Ferranti said. "A torrent of domestic economic data next week is likely to yield significant intraday volatility for the Australian dollar against its US counterpart.

Read more here: Business Spectator


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