Australian dollar recovers after a flash crash to 63 cents
In short Australian dollar 'flash crash' sends it to an 11-year low for 20 seconds Traders blame the crash on algorithmic trading platforms Panic hitting markets has increase volatility Time Open Low High Today 0.6597 In the last week 0.6472 0.6655 In the last month 0.6464 0.6748 The Australian dollar collapsed more than 5% in... Continue reading→
Aussie dollar continues to bounce higher as US dollar weakens
In short AUD/USD moves higher after a surprise interest rate cut in the US AUD/NZD hits a 4 month high Stronger than expected Q4 GDP data released yesterday Time Open Low High Today 0.6625 In the last week 0.6464 0.6637 In the last month 0.6464 0.6771 The AUD/USD has bounced higher in the last 48... Continue reading→
Interest rates fall in direct response to the coronavirus
In short The RBA cuts interest rates by 0.25% to 0.50% In the first paragraph of the statement, the central bank states that it "took this decision to support the economy as it responds to the global coronavirus outbreak." The Australian dollar went up marginally but is still between 65 and 66 cents Time Open... Continue reading→
Australian dollar drops under 65 cents as pandemic fears move markets
In short The AUD/USD fell below 65 cents as soon as markets opened Monday morning It's the first time the Australian dollar has gone under 65 cents since the GFC It's a big week for the Australian dollar with the RBA meeting tomorrow Time Open Low High Today 0.6468 In the last week 0.6464 0.6621... Continue reading→
AUD heads below 66 cents as virus fears grip markets
In short AUD USD falls below 66 cents for the first time since the GFC The Australian dollar has held up against the other major currencies Little economic data out this week Time Open Low High Today 0.6599 In the last week 0.6587 0.6706 In the last month 0.6587 0.6821 The AUD/USD has spent this... Continue reading→
The Aussie dollar opens the week above 67 cents. But how long will it last?
In short The AUD/USD starts the week just above 67 cents The Australian dollar is up against the Euro, down against the British pound and flat against the NZ dollar and Yen Australian employment data out Thursday Time Open Low High Today 0.6725 In the last week 0.6672 0.6750 In the last month 0.6663 0.6887 Continue reading→
AUD/USD fails to rebound back above 67 cents
In short The AUD/USD rose above 67 cents yesterday before falling again Coronavirus fears appear to be driving risk sentiment AUD/NZD hits a 2 month high Time Open Low High Today 0.6685 In the last week 0.6663 0.6771 In the last month 0.6663 0.6927 The Australian dollar rebounded above 67 cents briefly yesterday before falling... Continue reading→
Australian Dollar hits lowest point since 2009
In short The Australian dollar is at its lowest point against the US dollar since 2009 Falling commodity prices and concerns over the coronavirus have weighed heavily against the AUD RBA Governor Lowe to speak again this week Time Open Low High Today 0.6673 In the last week 0.6663 0.6771 In the last month 0.6663... Continue reading→
Australian Dollar rises off the canvas after the RBA keeps rates on hold
In short The RBA left interest rates on hold The statement that followed the decision was upbeat, helping the Australian dollar rise More reports and speeches from the RBA later in the week Time Open Low High Today 0.6737 In the last week 0.6684 0.6777 In the last month 0.6684 0.6955 The Aussie Dollar bounced... Continue reading→
The Australian Dollar sinks ahead of RBA meeting on Tuesday
In short The AUD/USD sinks below 67 cents for the first time in almost 11 years AUD/EUR is just above 0.6000 and the AUD/GBP just above 0.5000 The RBA meeting on Tuesday Time Open Low High Today 0.6686 In the last week 0.6686 0.6816 In the last month 0.6841 0.6955 It's shaping up as another... Continue reading→
