Australian dollar falls close to its lowest point in over 10 years
In short The Australian dollar fell again overnight The AUD/USD is close to it's lowest point in 11 years The local currency is also falling against the Euro, Japanese Yen, British Pound and New Zealand Dollar Time Open Low High Today 0.6716 In the last week 0.6704 0.6853 In the last month 0.6704 0.7046 The... Continue reading→
Surprise reaction to inflation data as interest rate cuts look unlikely
In short Strong inflation data released in Australia yesterday Markets now pricing almost no chance of an interest rate cut in February Inflation could increase as a result of the Australian bushfires Time Open Low High Today 0.6749 In the last week 0.6738 0.6877 In the last month 0.6738 0.7046 Yesterday, inflation figures released to... Continue reading→
How the Coronavirus is impacting the Australian Dollar
In short The Coronavirus or COVID-19 has had a negative impact on the Australian dollar in many different ways Markets are reacting in a similar way to the SARS outbreak As the threat increases, the AUD is likely to remain under pressure Time Open Low High Today 0.6762 In the last week 0.6741 0.6877 In... Continue reading→
Australian Dollar unmoved by US China trade deal
In short Phase 1 of the US China Trade deal gets signed There has been little reaction on currency markets AUD/USD trades either side of 69 cents Time Open Low High Today 0.6906 In the last week 0.6850 0.6951 In the last month 0.6841 0.7046 The Australian dollar has failed to continue higher after its... Continue reading→
Australian Dollar opens the week higher against most major currencies
In short The Australian dollar rose on Friday night It has opened higher against the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY) and New Zealand Dollar (NZD) Chinese GDP data out on Friday Time Open Low High Today 0.6900 In the last week 0.6850 0.6957 In the last month 0.6841 0.7046 Continue reading→
Aussie dollar drops 1 cent in the first week of 2020
In short AUD/USD started the year above 70 cents but has fallen below 69 cents The move is largely because of a stronger US dollar The Australian dollar has also fallen against the other major currencies Time Open Low High Today 0.6869 In the last week 0.6861 0.7046 In the last month 0.6802 0.7046 This... Continue reading→
The Australian Dollar opens 2020 above 70 cents but then falls
In short AUD/USD finishes 2019 just above 70 cents A stronger US dollar sends it lower in early January Forecasts for the Australian dollar in 2020 predict a lower exchange rate Time Open Low High Today 0.6942 In the last week 0.6932 0.7046 In the last month 0.6802 0.7046 The Australian dollar had a strong... Continue reading→
Australian dollar bolts higher on strong employment data
In short Unemployment unexpectedly fell to 5.2% The drop in unemployment was largely driven by part-time employment The AUD rose against all the major currencies but remains under 69 cents against the US dollar Time Open Low High Today 0.6877 In the last week 0.6840 0.6934 In the last month 0.6759 0.6934 The Australian dollar... Continue reading→
Aussie dollar drifts lower ahead of unemployment data
In short The Aussie dollar continues to trade lower against the US dollar In a mixed 24 hours, the AUD has opened higher against the British Pound (GBP), flat against the NZ Dollar (NZD) and down against the Euro (EUR) Australian unemployment data out tomorrow Time Open Low High Today 0.6853 In the last week... Continue reading→
Australian dollar softer as GBPAUD soars
In short AUD/USD eases from recent highs and falls back below 69 cents GBPAUD rises following British election to its highest point in over 3 years Australian unemployment data out later this week Time Open Low High Today 0.6870 In the last week 0.6802 0.6934 In the last month 0.6759 0.6934 The Australian dollar lost... Continue reading→
