Is the Aussie Dollar vulnerable to another fall?
In short The Australian dollar has fallen for most of 2019 and is still close to a 10 year low More interest rate cuts could send the AUD/USD even lower Tonight the RBA Governor speaks Time Open Low High Today 0.6776 In the last week 0.6768 0.6830 In the last month 0.6776 0.6926 The Australian... Continue reading→
Australian Dollar Opens Below 68 cents and under pressure
In short The Australian dollar was flat on Friday and Saturday, opening Monday below 68 cents The AUD has been under pressure this month This week, we hear from the RBA on Tuesday morning and Tuesday evening. Time Open Low High Today 0.6791 In the last week 0.6782 0.6830 In the last month 0.6776 0.6926 Continue reading→
GBP/AUD hits 1.9000 for the first time in years
In short The GBPAUD hits 1.9000 for the first time since the Brexit in June 2016 The British Pound has gradually been getting strong against the Australian dollar for 3 years The AUD/NZD also broke new ground, sinking below 1.0600 Time Open Low High Today 1.9020 In the last week 1.8350 1.9064 In the last... Continue reading→
Aussie dollar bounces back above 68 cents
In short The Australian dollar fell below 68 cents yesterday before bouncing last night Minutes from the RBA indicated they nearly cut interest rates in November Despite the bounce overnight, it remains lower against most major currencies compared to last week Time Open Low High Today 0.6827 In the last week 0.6772 0.6853 In the... Continue reading→
Australian Dollar tanks 2 cents in 2 weeks against the NZ dollar
In short AUD/NZD hits 1.0631 yesterday The Australian dollar has now fallen more than 2 cents in less than 2 weeks Despite the fall, the AUD/NZD remains above it's average over the last year Time Open Low High Today 1.0643 Yesterday 1.0646 1.0613 1.0656 In the last week 1.0763 1.0607 1.0820 In the last month... Continue reading→
Australian dollar falls below 68 cents as unemployment rises
In short Unemployment in Australia rose in October There is a slightly higher chance of an interest rate cut As a result, the Australian dollar fell against most major currencies Time Open Low High Today 0.6895 In the last week 0.6911 0.6899 In the last month 0.6727 0.6926 For the first 3 day of this... Continue reading→
Why the outlook for the Australian Dollar is so uncertain
In short The Aussie dollar ends the week lower against the US dollar but flat or higher against other major currencies Strong trade balance figures fail to lift the AUD Forecasts for the Australian dollar vary but most point towards a lower exchange rate Currency Open Low High Now AUD to USD 0.6907 0.6863 0.6929... Continue reading→
Aussie dollar drifts lower ahead of Trade Balance figures
In short The Australian dollar falls below 69 cents against the US dollar Mixed results against other major currencies Australian and Chinese trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6881 In the last week 0.6871 0.6929 In the last month 0.6714 0.6929 Overnight the... Continue reading→
RBA holds its horses as the Australian dollar advances
In short The Australian dollar is up against the Euro, Yen and NZ dollar The RBA leaves interest rates on hold Australian trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6890 In the last week 0.6850 0.6929 In the last month 0.6714 0.6929 The Australian... Continue reading→
AUD finds support as the RBA keeps rates on hold
In short The Australian dollar fell overnight but recovered after the RBA left rates on hold The central banks view on the Australian economy also remained largely unchanged Australian trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6908 In the last week 0.6844 0.6929 In... Continue reading→
