Founder
Justin Rampono
Articles written by Justin Rampono
Australian Dollar Opens Below 68 cents and under pressure
In short The Australian dollar was flat on Friday and Saturday, opening Monday below 68 cents The AUD has been under pressure this month This week, we hear from the RBA on Tuesday morning and Tuesday evening. Time Open Low High Today 0.6791 In the last week 0.6782 0.6830 In the last month 0.6776 0.6926 The Australian dollar had a lacklustre end to the week, limping into the weekend below 68 cents. It was a quiet day for most currency markets with little movement against the other major currencies. This week, we hear from the RBA on Tuesday morning and […]
GBP/AUD hits 1.9000 for the first time in years
In short The GBPAUD hits 1.9000 for the first time since the Brexit in June 2016 The British Pound has gradually been getting strong against the Australian dollar for 3 years The AUD/NZD also broke new ground, sinking below 1.0600 Time Open Low High Today 1.9020 In the last week 1.8350 1.9064 In the last 5 years 1.5909 2.2089 The Australian dollar lost a little ground overnight. The AUD/USD fell below 68 cents while the AUD/NZD fell under 1.0600 for the first time in almost 3 months. The small fall was enough to push the GBP/AUD up above 1.9000 for […]
Aussie dollar bounces back above 68 cents
In short The Australian dollar fell below 68 cents yesterday before bouncing last night Minutes from the RBA indicated they nearly cut interest rates in November Despite the bounce overnight, it remains lower against most major currencies compared to last week Time Open Low High Today 0.6827 In the last week 0.6772 0.6853 In the last month 0.6772 0.6926 The Australian dollar had a wild ride yesterday, dropping about half a cent below 68 cents before bouncing last night. Once a month the Reserve Bank of Australia releases the minutes from its meeting. Yesterday, the market got a look at […]
Australian Dollar tanks 2 cents in 2 weeks against the NZ dollar
In short AUD/NZD hits 1.0631 yesterday The Australian dollar has now fallen more than 2 cents in less than 2 weeks Despite the fall, the AUD/NZD remains above it’s average over the last year Time Open Low High Today 1.0643 Yesterday 1.0646 1.0613 1.0656 In the last week 1.0763 1.0607 1.0820 In the last month 1.0738 1.0607 1.0858 Just after the RBA kept rates on hold earlier this month, the AUD/NZD hit its highest point in over a year, reaching 1.0858. Since then, it’s been one way traffic south. The AUD to NZD exchange rate has fallen more than 2 […]
Australian dollar falls below 68 cents as unemployment rises
In short Unemployment in Australia rose in October There is a slightly higher chance of an interest rate cut As a result, the Australian dollar fell against most major currencies Time Open Low High Today 0.6895 In the last week 0.6911 0.6899 In the last month 0.6727 0.6926 For the first 3 day of this week, the Australian dollar barely moved. It sat around 68 and a half cents against the US dollar. Then, at 11:30 today, it fell more than 0.5% to under 69 cents for the first time in almost a month. Why? Well, once a month the […]
Why the outlook for the Australian Dollar is so uncertain
In short The Aussie dollar ends the week lower against the US dollar but flat or higher against other major currencies Strong trade balance figures fail to lift the AUD Forecasts for the Australian dollar vary but most point towards a lower exchange rate Currency Open Low High Now AUD to USD 0.6907 0.6863 0.6929 0.6879 AUD to EUR 0.6185 0.6168 0.6257 0.6224 AUD to GBP 0.5346 0.5344 0.5398 0.5368 AUD to NZD 1.0815 1.0863 1.0804 1.0804 AUD to JPY 74.60 74.58 75.65 75.13 The Australian dollar may have lost ground to the US dollar this week but it is […]
