Founder
Justin Rampono
Articles written by Justin Rampono
After moving up more than 1%, the Australian dollar is starting to fade
In short Strong Australian trade data helped the AUD higher The RBA keeping rates on hold also supported the currency Late today, the AUD/USD started to fall to 0.6822 by the end of trade Time Open Low High Today 0.6822 In the last week 0.6756 0.6861 In the last month 0.6756 0.6926 The AUD/USD exchange rate managed to move higher on Tuesday and early on Wednesday thanks to a couple of Australian economic events. First, the trade balance figures came out. It showed a current account surplus for the second month in a row – something that hasn’t happened in […]
Strong Chinese and weak US data sends the Australian dollar higher
In short Strong Chinese manufacturing data helps the Aussie dollar higher Weaker than expected economic data from the US also sent the US dollar lower The AUD/USD went above 68 cents but the AUD/NZD fell below 1.05 Time Open Low High Today 0.6817 In the last week 0.6756 0.6823 In the last month 0.6756 0.6926 The Australian dollar opened up on Tuesday above 68 cents for the first time in a week an a half. There were 2 main drivers of the move higher. Firstly, manufacturing data out of China was better than expected. Why should this help the Australian […]
Australian Dollar opens the month heading down
In short The Australian dollar is falling against the US dollar It is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen The RBA meeting on Tuesday headlines a busy week for currency markets Time Open Low High Today 0.6760 In the last week 0.6756 0.6799 In the last month 0.6756 0.6926 The Australian dollar will open the week and the last of the month lower against the US dollar. It has been falling steadily for the last 3 weeks, particularly against the US dollar and NZ dollar losing 2-3%. It has not been volatile though. […]
Australian Dollar likely to end November on a low point
In short The Australian dollar has lost ground in November It has lost the most ground to the US dollar but is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen Interest rate expectations in Australia weighs on the AUD Time Open Low High Today 0.6766 In the last week 0.6761 0.6811 In the last month 0.6761 0.6926 The Australian dollar falling In November, the Australian dollar has fallen: 1% against the US dollar and more than 2% from it’s recent peak at 0.6926 1% against the British Pound and more than 2% from it’s recent […]
Central bank chiefs speak and for once, nothing happens
In short The RBA Governor spoke last night about unconventional monetary policy tools The head of the US Federal Reserve also spoke overnight Neither speech moved either the US dollar or the Australian dollar Time Open Low High Today 0.6787 In the last week 0.6768 0.6821 In the last month 0.6768 0.6926 So what did they say? Basically, the RBA Governor outlined that IF unemployment increases and inflation remains low, they will cut rates before considering anything like Quantitative Easing (QE) They won’t consider it until interest rates go to 0.25% They will not cut interest rates below 0% The […]
Is the Aussie Dollar vulnerable to another fall?
In short The Australian dollar has fallen for most of 2019 and is still close to a 10 year low More interest rate cuts could send the AUD/USD even lower Tonight the RBA Governor speaks Time Open Low High Today 0.6776 In the last week 0.6768 0.6830 In the last month 0.6776 0.6926 The Australian dollar has broadly moved lower throughout 2019. Starting the year above 70 cents, it had a brief rally up to 0.7250 before a gradual decline all year. Each time the AUD to USD rate moved higher, it seemed to fall days or weeks later. Since […]
