The Australian Dollar bounces but remains under pressure
In short The Australian dollar opens higher but lost ground last week The AUD/USD remains below 68 cents RBA governor to speak this week Time Open Low High Today 0.6774 Yesterday 0.6767 0.6779 In the last week 0.6765 0.6868 In the 3 months 0.6710 0.7044 The Australian dollar didn’t move a great deal on Monday. Why? Well for most of our day, Europe and the US is still asleep from the weekend. So unless there is a big local event in Australia, New Zealand or Asia, there can be little movement in the Australian Dollar (AUD). When Europe and the […]
Where will the AUDNZD rate go for the rest of 2019?
Possibly. The top banks in Australia and New Zealand have a pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) near-term. With both currencies falling further and faster than expectations, top banks have lowered their AUDUSD outlook and NZD forecast. The question is, which currency will be weaker relative to the other? Recently, the AUDNZD bounced, which suggests the Aussie currency is performing slightly better than its Kiwi counterpart. The top banks expect the AUD to NZD exchange rate to rise, because the New Zealand dollar will remain weak compared to the Australian dollar. Check today’s AUDNZD Forex […]
GBPAUD hits 18 week high
In short The GBPAUD hits 1.8481 for the first time since May 20 2019 The British Pound has been getting stronger for the last 4 weeks after being sold off Brexit uncertainty continues to be a big influence over the GBP Time Open Low High Today 1.8417 Yesterday 1.8392 1.8481 In the last week 1.8100 1.8481 In the 3 months 1.7683 1.8481 The British Pound (GBP) has been falling against most major currencies including the Australian Dollar (AUD) since the middle of the year. This is because the chances of a ‘hard Brexit’ increased. If the UK, economy suffers from […]
Aussie Dollar finishes the week lower
In short The Federal Reserve cuts interest rates in the US The AUD/USD loses some ground but stays above 68 cents The AUD/GBP also continues to fall to a 4 week low Time Open Low High Today 0.6795 Yesterday 0.6789 0.6809 In the last week 0.6790 0.6880 In the 3 months 0.6734 0.7044 After spending 2 weeks with little to no movement, the Australian dollar fell this week below 68 cents. It was largely driven by the Wednesday night statement from the US Federal Reserve that reminded everyone that the US economy is still in pretty good shape. Since then, […]
Will the AUDJPY rate go up by the end of 2019?
Not likely. Since March, the Japanese Yen (JPY) moved higher, but the Australian dollar (AUD) plunged. The result short-term, has been a AUD JPY exchange rate that dropped to 10-year lows. With investors worried about US and China trade wars, most of the investment is flowing to the Japanese Yen. This is because the Japanese Yen is considered a “safe” investment, while the Australian Dollar is considered a relatively “high risk” asset. Bank experts find this interplay between the Australian dollar and Japanese Yen interesting, because it shows how worried or happy investors are about the state of the global […]
Will the AUDGBP rate fall by the end of 2019?
Potentially. This year the AUD GBP exchange rate is influenced by the looming exit of Britain from the Eurozone (or Brexit). In fact, the Pound Sterling (GBP) has been on a roller coaster ride ever since “Brexit” was voted for and announced in June 2016. The GBP saw massive falls in 2016, only to gradually rise in 2017 and 2018. The Aussie dollar is also falling this year, but not as drastically as the British Pound. With both the AUD and GBP dropping, the AUDGBP exchange rate has wobbled anywhere between 0.5300 and 0.5800 since the beginning of the year. […]
The Aussie dollar continues to slide against the US Dollar and British Pound
In short The Federal Reserve cuts interest rates in the US The AUD/USD loses some ground but stays above 68 cents The AUD/GBP also continues to fall to a 4 week low Time Open Low High Today 0.6826 Yesterday 0.6821 0.6854 In the last week 0.6821 0.6880 In the 3 months 0.6710 0.7044
Australian Dollar takes a breath below 69 cents
In short AUD to USD has been stuck between 68 and 69 cents The Australian dollar has bounced back from a 10-year low earlier in September Australian employment data is out on Thursday with an increase in unemployment tipped Time Open Low High Today 0.6865 Yesterday 0.6833 0.6869 In the last week 0.6848 0.6881 In the 3 months 0.6727 0.7072 There has been plenty of news out this week but very little movement in currency markets. The Saudi oil attacks have thrown oil markets into turmoil. In the past, volatility in commodity markets have also had an impact on the […]
AUDNZD exchange rate moving up and hits a 10-month high
In short AUD/NZD reached 1.0826 – the highest rate since November 2018 It has raced up over 4 cents in 4 weeks A slowing economy in New Zealand has led to interest rate cuts Time Open High Low Today 1.0798 Yesterday 1.0815 1.0826 1.0796 In the last week 1.0684 1.0820 1.0683 In the 3 months 1.0496 1.0826 1.0318 The AUD/NZD exchange rate continued on its recent march higher, hitting a 10 month high above 1.0800 this week. After moving sideways for most of 2019, the rate has been motoring higher since the kiwi central bank (the Reserve Bank of New […]
Has the AUD EUR peaked already in 2019?
The AUD to EUR exchange rate peaked in April around 0.64, but has since fallen again. A falling AUDEUR trend this year is being driven by a weaker Australian dollar, rather than any strength in the Euro. In fact, the Euro has been under pressure lately with Brexit and slower economic growth in major Eurozone countries. Meanwhile, the Australian dollar hit 10-year lows recently. Check today’s AUDEUR Forex Rate: Currency Converter and Graph So what are the major banks in their AUD and EUR forecasts for 2019, amongst all the political uncertainty from Brexit and slowing growth? ANZ – Predicts […]
ECB drops rates as the European economy slows down
In short AUD to EUR remains unchanged overnight The European Central Bank (ECB) is concerned about Europes economy and cut interest rates Weak inflation data out of the USA Time Open High Low Today 0.6207 Yesterday 0.6223 0.6231 0.6201 In the last week 0.6199 0.6249 0.6199 In the 3 months 0.6130 0.6280 0.6025
Is the AUD to USD running out of gas?
In short AUD to USD falls overnight to start the day at 0.6860 The European Central Bank (ECB) is concerned about Europes economy and cut interest rates The US / China trade war continues to dominate and influence markets Time Open High Low Today 0.6864 Yesterday 0.6874 0.6879 0.6860 In the last week 0.6851 0.6881 0.6848 In the 3 months 0.6871 0.7044 0.6710 The Australian dollar fell slightly overnight after hitting a 6-week high yesterday of 0.6893 Most of the markets attention was on the European Central Bank (ECB) which cut interest rates and announced it would reintroduce a large […]
Where is the Australian dollar heading for the rest of 2019?
Major banks predict the Australian dollar against the US dollar (AUDUSD or the ‘Aussie’) will remain weak. Recently, the Australian dollar (AUD/USD) fell to more than 10-year lows, below 67 cents. The AUD/USD is at the same levels as when the Global Financial Crisis (GFC) hit in 2008. The previous record low was 48 cents in April, 2001. In response to the falling AUD, the 4 major banks lowered their end of 2019 Australian dollar forecasts by 5-10%. They now agree the weak Aussie dollar will remain until the end of the year. Check today’s AUDUSD Forex Rate: Currency Converter […]
