Clinton bests Trump bolstering demand and risk appetite
Wednesday 28th September 2016
The Australian dollar edged higher through trade on Tuesday buoyed by increasing demand for risk and a diminishing demand for haven assets. In what was a quiet day for domestic markets the Aussie pushed through 0.7650 touching intraday highs at 0.7695. The AUD found support following the first US Presidential debate with pollsters indicating Clinton bested Trump. Support for commodity and emerging market currencies helped the Aussie break higher before meeting resistance on moves toward 0.77. With little of note on the domestic docket today attentions turn to RBA assistant governor Edey while U.S Durable goods orders and comments from Fed Chair Janet Yellen drive offshore direction.