AUD/USD back above 69 cents as the UK votes – again
In short The Australian Dollar rose above 69 cents on the hopes of a trade deal between the US and China It's at it's highest point against the AUD/USD in over 4 months The Conservative Party looks like it will win the UK Election Time Open Low High Today 0.6927 In the last week 0.6802... Continue reading→
Australian Dollar hits a 5 week high making it cheaper to travel
In short AUD/USD hits 0.6888 as interest rates stay on hold in the US The Australian Dollar also went up against the Euro, Japanese Yen, British Pound and New Zealand Dollar The election in the UK could affect the AUD to GBP exchange rate Time Open Low High Today 0.6876 In the last week 0.6802... Continue reading→
The Big events for the Australian Dollar this week
In short It's been a quiet start to the week with little movement on currency exchange rates The head of the RBA speaks today which may move the Aussie dollar The US Federal Reserve sets interest rates this week with no change expected. Britain goes to the polls Time Open Low High Today 0.6826 In... Continue reading→
Australian dollar falls across the board as retail sales figures shows an economy stuck in neutral
In short The Australian dollar opened up on Friday down against the US dollar, Euro, Japanese Yen, British Pound and the New Zealand dollar Retail sales figures showed 0.0% growth compared to an expectation of about 0.3% While the figures show the economy is not growing, it isn't a massive surprise Time Open Low High... Continue reading→
Mixed day for the AUD ahead of retail sales data
In short The US dollar and Japanese Yen weakened overnight, pushing the AUD/USD and AUD/JPY higher The AUD opens lower against the Pound Sterling and flat against the Euro and NZ dollar Retail sales data out today could have a limited impact on the exchange rate Time Open Low High Today 0.6849 In the last... Continue reading→
After moving up more than 1%, the Australian dollar is starting to fade
In short Strong Australian trade data helped the AUD higher The RBA keeping rates on hold also supported the currency Late today, the AUD/USD started to fall to 0.6822 by the end of trade Time Open Low High Today 0.6822 In the last week 0.6756 0.6861 In the last month 0.6756 0.6926 The AUD/USD exchange... Continue reading→
Strong Chinese and weak US data sends the Australian dollar higher
In short Strong Chinese manufacturing data helps the Aussie dollar higher Weaker than expected economic data from the US also sent the US dollar lower The AUD/USD went above 68 cents but the AUD/NZD fell below 1.05 Time Open Low High Today 0.6817 In the last week 0.6756 0.6823 In the last month 0.6756 0.6926 Continue reading→
Australian Dollar opens the month heading down
In short The Australian dollar is falling against the US dollar It is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen The RBA meeting on Tuesday headlines a busy week for currency markets Time Open Low High Today 0.6760 In the last week 0.6756 0.6799 In the last month 0.6756... Continue reading→
Australian Dollar likely to end November on a low point
In short The Australian dollar has lost ground in November It has lost the most ground to the US dollar but is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen Interest rate expectations in Australia weighs on the AUD Time Open Low High Today 0.6766 In the last week 0.6761... Continue reading→
Central bank chiefs speak and for once, nothing happens
In short The RBA Governor spoke last night about unconventional monetary policy tools The head of the US Federal Reserve also spoke overnight Neither speech moved either the US dollar or the Australian dollar Time Open Low High Today 0.6787 In the last week 0.6768 0.6821 In the last month 0.6768 0.6926 So what did... Continue reading→
