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Justin Rampono
Articles written by Justin Rampono
Aussie dollar drops 1 cent in the first week of 2020
In short AUD/USD started the year above 70 cents but has fallen below 69 cents The move is largely because of a stronger US dollar The Australian dollar has also fallen against the other major currencies Time Open Low High Today 0.6869 In the last week 0.6861 0.7046 In the last month 0.6802 0.7046 This morning ,the Australian dollar has opened lower agains the US dollar, Euro, Japanese Yen and British Pound. Yesterday, ANZ Job Advertisement figures showed a sharp drop of over 6% in December. These figures are considered a ‘leading indicator’. In this case if the number of […]
The Australian Dollar opens 2020 above 70 cents but then falls
In short AUD/USD finishes 2019 just above 70 cents A stronger US dollar sends it lower in early January Forecasts for the Australian dollar in 2020 predict a lower exchange rate Time Open Low High Today 0.6942 In the last week 0.6932 0.7046 In the last month 0.6802 0.7046 The Australian dollar had a strong end to 2019, hitting a 6 month high above 70 cents on the last day of the year. With holidays in most major markets, it has been a slow start to the calendar year. The AUD/USD exchange rate has fallen back below 70 cents as […]
Australian dollar bolts higher on strong employment data
In short Unemployment unexpectedly fell to 5.2% The drop in unemployment was largely driven by part-time employment The AUD rose against all the major currencies but remains under 69 cents against the US dollar Time Open Low High Today 0.6877 In the last week 0.6840 0.6934 In the last month 0.6759 0.6934 The Australian dollar rose today against all the major currencies but remains just under 69 US cents. At 1130 AEDT, the Australian Bureau of Statistics released the labour force data. This includes The unemployment rate The number of new jobs created or lost, both full-time and part-time The […]
Aussie dollar drifts lower ahead of unemployment data
In short The Aussie dollar continues to trade lower against the US dollar In a mixed 24 hours, the AUD has opened higher against the British Pound (GBP), flat against the NZ Dollar (NZD) and down against the Euro (EUR) Australian unemployment data out tomorrow Time Open Low High Today 0.6853 In the last week 0.6806 0.6934 In the last month 0.6759 0.6934 The Australian dollar has had a fairly uneventful week so far. After hitting a 5 month high above 69 cents on Friday, it has drifted more than 1% lower. The AUD/USD exchange rate which was driven higher […]
Australian dollar softer as GBPAUD soars
In short AUD/USD eases from recent highs and falls back below 69 cents GBPAUD rises following British election to its highest point in over 3 years Australian unemployment data out later this week Time Open Low High Today 0.6870 In the last week 0.6802 0.6934 In the last month 0.6759 0.6934 The Australian dollar lost ground to the US dollar early on Monday, drifting below 69 cents. On Friday, the AUD/USD had reached a multi month high of 0.6934 with high hopes of a trade deal between the US and China. On the same day, the GBP/AUD hit a multi […]
AUD/USD back above 69 cents as the UK votes – again
In short The Australian Dollar rose above 69 cents on the hopes of a trade deal between the US and China It’s at it’s highest point against the AUD/USD in over 4 months The Conservative Party looks like it will win the UK Election Time Open Low High Today 0.6927 In the last week 0.6802 0.6936 In the last month 0.6759 0.6936 The AUD to USD exchange rate hit a 4 month high of 0.6936 early this morning. It was largely driven by a weaker US dollar. The US dollar weakened because the market thinks that the US and China […]
