Founder
Justin Rampono
Articles written by Justin Rampono
Australian Dollar demolished to a 10 year low under 67 cents
In short AUD to USD opens at 0.6705 after dipping to to 0.6676 overnight – its lowest point in a decade The RBA is now expected to cut interest rates even further before the end of 2019 Lowering interest rates in Australia are similar to other countries like the US, Japan and Europe Time Open Low High Today 0.6704 Yesterday 0.6671 0.6780 In the last week 0.6671 0.6771 In the 3 months 0.6676 0.7009 Yesterday, following the RBA interest rate cut, the AUD initially went up before being sold off lower. It then moved lower overnight and hit a 10 […]
Australian Dollar spikes then gets dumped following RBA interest rate cut
In short The Australian dollar went down before the interest rate announcement, bounced higher straight after the announcement then fell sharply Broad losses against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA also expected to cut rates next month to 0.75% Time Open Low High Today 0.6751 Yesterday 0.6768 0.6734 In the last week 0.6747 0.6801 In the 3 months 0.6734 0.6710 The RBA met today and announced that official interest rates are to be cut by 0.25% to 0.75%. While this was largely expected, most market analysts poured through the statement that came with the […]
All eyes on the RBA this week
In short The Australian dollar starts the week as it finished – between 67 and 68 cents Very little movement against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6765 Yesterday NA NA In the last week 0.6747 0.6801 In the 3 months 0.6734 0.7044 This week, the Reserve Bank of Australia (RBA) will meet on Tuesday and decide if they should cut official interest rates for the third time this year. They also release a statement […]
Australian Dollar finishes the week flat against all major currencies
In short The Australian dollar finishes the week as it started – between 67 and 68 cents Very little movement against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6751 Yesterday 0.6747 0.6778 In the last week 0.6747 0.6801 In the 3 months 0.6727 0.7022 Last night in the US, the GDP and Trade Balance figures came in close to expectations, leaving the markets little to react to. Here is where the Australian Dollar (AUD) has traded […]
The AUD continues to ignore global political turmoil
In short AUD to USD almost unchanged Currency markets are waiting on US economy growth (GDP) figures and speeches from central banks The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6750 Yesterday 0.6741 0.6759 In the last week 0.6747 0.6804 In the 3 months 0.6738 0.7022 Once again, most major currencies ‘traded sideways’. What does that mean? Well, there was little movement because despite the political unrest, there was no economic data to move the market. So it looks like the Australian dollar is unlikely to move […]
Political drama abroad fails to move the Aussie dollar
In short AUD to USD continues to trade either side of 68 cents against the US dollar The RBA is likely to cut interest rates in October but thinks the economy is turning the corner Brexit drama in the UK continues while the Democrats in Washington move to impeach Trump Time Open Low High Today 0.6798 Yesterday 0.6789 0.6802 In the last week 0.6765 0.6841 In the 3 months 0.6718 0.7032 The head of the Reserve Bank of Australia (RBA), Philip Lowe gave a speech yesterday. With most economists predicting that they will cut interest rates in October, the governor […]
