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Aussie dollar contained as U.S. closes for Thanksgiving

Xinhua, November 27, 2015 Adjust font size:

The Australian dollar was contained in overnight trade as U.S. bond and stock markets were closed for the Thanksgiving holiday, bringing a likely quiet end to the trading week.

At 0700 local time AEDT on Friday, the local unit was trading at 72.28 U.S. cents, down from 72.38 U.S. cents at Thursday's Asian close.

Traders are holding positions ahead of a series of domestic and offshore data next week will undoubtedly change the investment landscape, largely driven by the looming U.S. Federal Reserve rate hike, impacting U.S. dollar risk assets.

"The market is currently pricing a 78 percent chance of a hike and it has to be seen as a positive that finally after so much deliberation we will finally see the Fed guide the funds rate higher," IG chief market strategist Chris Weston said.

At 0956 local time (AEDT), the Australian dollar was trading at 72.17 U.S. cents. Endit