The Australian dollar rose in Asian session today after the Central Bank Governor Glenn Stevens noted that growth in the economy will take more work and implies an increase in spending by the government.
AUD / USD was trading at $ 0.7758, up 0.28%, while the USD / JPY has changed to 118.90 – a decrease of 0.18% EUR / USD stayed at 1.1403.
“Monetary policy can help to rebalance the economy, and if need be through stimulation” said predstedatelya of RBA, Stevens.
The dollar fell in Asian session after weaker data on applications for unemployment and retail sales in the US. The dollar index, which measures the strength of the greenback also decreased slightly by 0.03% to 94.31 points.
The single currency rose after the leaders of Russia, France, Ukraine and Germany reached a partial agreement to a ceasefire on February 15, but the pressure on the euro remains high. No decision was reached on the matter, however, the Greek debt, which is expected to happen on Monday.