The Australian dollar advanced today, rising for the fifth straight trading session versus its US counterpart, as the nation’s central bank maintained status-quo, changing neither the current monetary policy nor the outlook for interest rates. Manufacturing data from China added to positive factors for the Aussie.
June 17th, 2014 at 6:50
The Australian dollar dipped today as the Reserve Bank of Australia confirmed in its policy meeting minutes that it is going to keep interest rates at the current record low level for a prolonged time.
June 12th, 2014 at 10:14
The Australian dollar dipped after data showed a drop of employment, but the currency bounced later and trades now above the opening level as the report turned out to be not as bad as it looked at the first glance.
June 10th, 2014 at 16:08
The Australian dollar rallied against its US peer and erased losses versus the Japanese yen today with help of rather positive domestic business confidence and good economic data from China.
June 05th, 2014 at 11:51
The Australian dollar rose against its US peer today even though the trade balance surplus unexpectedly turned into deficit in April. The currency sank against the Japanese yen earlier but bounced later and trades near the opening level currently.
June 04th, 2014 at 5:17
The Australian dollar rallied today with help of favorable economic reports, including the GDP report that showed accelerating economic growth in Australia. The Aussie has trouble keeping gains, retreating close to the opening level versus its US peer and halting the rally against other currencies.
June 03rd, 2014 at 8:55
The Australian dollar advanced today after the Reserve Bank of Australia refrained from action and reiterated that monetary policy will likely remain the same for a prolonged period of time.
June 03rd, 2014 at 0:50
The Australian dollar fell yesterday and remained soft today, even though the Aussie trimmed its losses against some currencies. The good manufacturing report from China was not able to help the Australian currency as domestic data was not particularly supportive.
May 30th, 2014 at 18:35
The Australian dollar fell today versus the euro and the Japanese yen, staying flat against its US counterpart at the same time. It is a puzzling behavior as today’s economic report was good, while yesterday’s data was bad but did not prevent the Aussie’s rally.
May 28th, 2014 at 12:25
The Australian dollar dropped today, paring its short-lived rally, as the nation’s leading indicators fell, suggesting that Australia’s economic recovery has not yet gained firm footing. Not all today’s economic data was bad though.