AUD falls as market gets nervous The Australian dollar briefly oakley shooting glasses fell below 78 US cents for the first time since the beginning of the week on falling iron prices and rising global political tensions.
At 1700 AEDT on Friday, the local unit was trading at 78.01 US cents, down from 78.18 cents on Thursday. Easy Forex currency dealer Andreas Tjahja said traders were moving into safe haven currencies like the US dollar, which is putting downward pressure on the Australian dollar. Warplanes from a Saudi led coalition have bombed Shi'ite rebels in support of Yemen's embattled president, who headed to an Arab summit to garner support as Iran warned the intervention was 'dangerous'. 'The worry about the Middle East is oakley breathless definitely one factor, especially going into the weekend,' Mr Tjahja said. 'And the iron ore price in China has gone down about four per cent today, so that's also the reason by the Australian dollar is also down for the session.' At 1700 AEDT, the Australian dollar was at 92.97 Japanese yen, up from Thursday's close of 92.96 yen, and at 71.68 euro cents, up from 71.21 euro cents. Mr Tjahja said a cheap oakley glasses speech by US Federal Reserve chair Janet Yellen in San Francisco early on Saturday morning, Australian time, will be a key focus for traders. The bond market was weaker. 'That mostly reflected a shift up in US bond yields on the back of a relatively soft (US Treasury) bond auction for the second night in a row,' Commonwealth Bank head of debt research Adam Donaldson said. 'Domestically there does seem oakley black friday to be very little news, but it does seem to be an environment where there's little appetite to buy into bonds at the moment.' Mr Donaldson said the focus of bond markets in the coming days will be on development in Greece, which is working on a raft of reforms in order to keep getting international help. At 1630 AEDT on Friday, the June 2015 10 year bond futures contract was trading at 97.595 (implying a yield of 2.405 per cent), down from 97.675 (2.325 per cent) on Thursday. The June 2015 three year bond futures contract was at 97.270 (2.
730 per cent), down from 98.310 (1.690 per cent).
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