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Justin Rampono
Articles written by Justin Rampono
The AUD remains on a high against the USD but down against the Pound (GBP)
In short The AUD/USD remains close to a 4-week high against the US dollar at 0.6860 The AUD/GBP continues to weaken as the British Pound gets stronger China leaves rates on hold Time Open High Low Today 0.6877 Yesterday 0.6857 0.6880 In the last week 0.6729 0.6880 In the 3 months 0.6676 0.7030 The Australian dollar continued higher on Tuesday as a weaker US dollar helped it to a fresh 1 month high at 0.6860. As the US and China come closer to ending the trade war, markets have been selling US dollars (making it weaker) and buying so-called ‘riskier’ […]
AUDNZD holds above 1.07 as the Aussie dollar moves up
In short AUD/NZD has remained above 1.07 after reaching 1.0826 this month – the highest rate since November 2018 The AUD/USD hit a 4-week high against the US dollar Comments from RBA governor help the Australian dollar higher Time Open High Low Today 1.0721 Yesterday 1.0738 1.0738 1.0738 In the last week 1.0754 1.0697 1.0792 In the 3 months 1.0411 1.0826 1.0318 The Australian dollar moved higher over the weekend as comments from RBA Governor Lowe talked down the chance of future rate cuts. Speaking in Washington on Friday last week, the head of the RBA remained optimistic about the […]
Australian Dollar motors higher to end the week on a 1 month high
In short AUD/USD hits a 1-month high, finishing the week strong The Australian dollar was flat against most other countries China and European interest rate decisions next week Time Open Low High Today 0.6855 In the last 24hrs 0.6831 0.6855 In the last week 0.6728 0.6855 In the 3 months 0.6702 0.7040 The Aussie dollar (AUD) continued higher against the US dollar on Friday night and into Saturday before markets closed for the week. Driving it higher was weakness in the US dollar. It came as analysts increased the chance of an interest rate cut in the US by the […]
GBP to AUD hits 3 year high but could it go higher?
In short The GBPAUD hits 1.8481 for the first time since the Brexit vote 3 years ago It is now 18% higher than it’s low of 1.6000 in October 2016 A high GBPAUD makes it better for anyone transferring GBP back to Australia or selling GBP in cash Time Open Low High Today 1.8851 Yesterday 1.8983 1.8744 In the last week 1.8350 1.9064 In the last year 1.8481 1.9064 Brexit has been the biggest influence on the GBPAUD for the past 3 and an half years. Ever since the initial Brexit vote in mid 2016. At the time, the pound […]
The Aussie Dollar moves higher as unemployment falls
In short AUD/USD jumps higher and hits a 1 week high of 0.6791 The Australian dollar also moved up against the EUR, GBP, NZD and JPY Australian Unemployment fell from 5.3 to 5.2% Time Open Low High Today 0.6789 In the last 24hrs 0.6736 0.6791 In the last week 0.6724 0.6791 In the 3 months 0.6712 0.7064 The Aussie dollar (AUD) jumped higher against all currencies Thursday morning as soon as the unemployment figures came out. The figures were better than expected. They showed unemployment falling from 5.3 to 5.2%. This has been one of the more positive pieces of […]
The dollar drops against the USD and EUR
In short AUD/USD and AUD/EUR drop after drifting lower overnight The Australian dollar has held up against the GBP, NZD and JPY Trade relations and Brexit seem to be all the market is watching Time Open Low High Today 0.6724 Yesterday 0.6724 0.6767 In the last week 0.6724 0.6791 In the 3 months 0.6724 0.7037 The Australian dollar lost ground to the US dollar (USD) and Euro (EUR). It lost about 0.2% to both currencies after the market opened in Sydney this morning. It’s not all bad news for the local currency though. It traded sideways against the Kiwi dollar […]
