The Australian dollar weakened today after the Reserve Bank of Australia cut its key interest rate as the unfavorable developments in the global economy justified easing of the monetary policy.
AUD Declines, Still Can End Week with Gains
December 02nd, 2011 at 3:27
Australian Dollar
The Australian dollar fell today on the speculation that the European leaders will struggle to find an accord regarding measures for dealing with the region’s crisis. Still, the currency is likely to end this week with impressive gains.
Aussie Falls After Yesterday’s Surge
December 01st, 2011 at 2:17
Australian Dollar
The Australian dollar surged yesterday as most other currencies, but today it relinquished its gains as the domestic fundamentals hurt the prospects of the currency.
Aussie Rallies as Traders Again Favor Risk
November 28th, 2011 at 23:12
Australian Dollar
The Australian dollar advanced today as risk appetite returned to the Forex market, increasing the attractiveness of the currencies with higher-yield.
Aussie Retreats as Risk Aversion Sets In
November 22nd, 2011 at 15:11
Australian Dollar
Aussie is retreating after showing some signs of gains earlier. Now, though, Aussie is heading lower as risk aversion sets in. Concerns about sovereign debt in Europe, and the budget issues plaguing the US, are weighing on riskier currencies today.
AUD Higher Today After Yesterday’s Decline
November 17th, 2011 at 6:23
Australian Dollar
The Australian dollar pared its yesterday’s decline, but the outlook for the currency is still rather pessimistic. The Australian currency extended its yesterday’s fall against the euro.
Aussie Extends Decline on Europe for Third Session
The Australian dollar declined today, falling for the third straight session, as the renewed concerns about Europe’s sovereign debt crisis sapped investors’ demand for higher-yield.
Aussie Downtrend Stops on Better Data
November 10th, 2011 at 14:08
Australian Dollar
Concerns about the Australian employment report prompted the Down Under currency to lose ground to the US dollar and the Japanese yen yesterday. Today, though, the downtrend has stopped, and Aussie is gaining some ground.
Aussie Down Ahead of Employment Report
November 09th, 2011 at 12:45
Australian Dollar
The Australian dollar edged down today as the pessimistic outlook for tomorrow’s employment report outweighed the positive fundamental reports today.
AUD Falls on European Concerns & Unfavorable Australian Fundamentals
November 08th, 2011 at 4:05
Australian Dollar
The Australian dollar declined today, extending its yesterday’s drop against the greenback and the yen as the concerns about the crisis in Europe and the negative fundamental reports from Australia decrease attractiveness of the currency.
