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Justin Rampono
Articles written by Justin Rampono
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 […]
Australian Dollar hits a 5 week high making it cheaper to travel
In short AUD/USD hits 0.6888 as interest rates stay on hold in the US The Australian Dollar also went up against the Euro, Japanese Yen, British Pound and New Zealand Dollar The election in the UK could affect the AUD to GBP exchange rate Time Open Low High Today 0.6876 In the last week 0.6802 0.6888 In the last month 0.6759 0.6888 Yesterday, the Aussie dollar fell to 0.6802 before rising more than 1% overnight. Consumer confidence figures confirmed the weakness in the economy. The figures showed a fairly pessimistic outlook of Australian consumers despite 3 interest rate cuts and […]
The Big events for the Australian Dollar this week
In short It’s been a quiet start to the week with little movement on currency exchange rates The head of the RBA speaks today which may move the Aussie dollar The US Federal Reserve sets interest rates this week with no change expected. Britain goes to the polls Time Open Low High Today 0.6826 In the last week 0.6815 0.6859 In the last month 0.6756 0.6863 Yesterday, the head of the Reserve Bank of Australia, Dr Philip Lowe gave a speech about payment systems. While the speech was interesting, it didn’t contain any indication on the outlook for interest rates […]
Australian dollar falls across the board as retail sales figures shows an economy stuck in neutral
In short The Australian dollar opened up on Friday down against the US dollar, Euro, Japanese Yen, British Pound and the New Zealand dollar Retail sales figures showed 0.0% growth compared to an expectation of about 0.3% While the figures show the economy is not growing, it isn’t a massive surprise Time Open Low High Today 0.6831 In the last week 0.6756 0.6859 In the last month 0.6756 0.6909 The Aussie dollar opened this morning down against all the major currencies. Weak retail sales figures out yesterday sent the Australian dollar lower. Why? Well, the figures showed that there was […]
Mixed day for the AUD ahead of retail sales data
In short The US dollar and Japanese Yen weakened overnight, pushing the AUD/USD and AUD/JPY higher The AUD opens lower against the Pound Sterling and flat against the Euro and NZ dollar Retail sales data out today could have a limited impact on the exchange rate Time Open Low High Today 0.6849 In the last week 0.6756 0.6861 In the last month 0.6756 0.6926 The Australian dollar opens this morning with mixed performance against the major currencies. It is up against the US dollar and Japanese Yen, down against the British Pound and flat against the New Zealand dollar and […]
