The Australian dollar advanced today after data showed that consumer prices were rising last month much faster than was expected. It suggests that the nation’s central bank has less incentive to ease its monetary policy further.
Today, the Australian dollar traded near the highest level since June as Forex market participants speculated that the central banks of Australia and the United States will not make changes to their monetary policies in the near future.
October 18th, 2013 at 3:22
The Australian dollar, as well as other currencies, came roaring to the upside against the US dollar yesterday as a political deal was made that ends the US government shutdown and raises the debt ceiling. The Aussie fell a little versus the euro and was flat against the Japanese yen. Today, the Australian currency halted the rally despite positive data from China.
October 15th, 2013 at 3:40
The Australian dollar rose today even though the minutes of the last central bank’s policy meeting reveled that policy makers do not rule out additional interest rate cuts.
October 11th, 2013 at 1:38
The Australian dollar was moving largely sideways today as Forex traders hold breath, waiting for US politicians to demonstrate whether they are willing to find a compromise and avoid a default. Expectations of a positive trade report from China supported the currency.
October 10th, 2013 at 1:57
The Australian dollar dipped today as nation’s employment grew last month less than was expected even though the unemployment rate went down. The currency trimmed gains versus the euro and the Japanese yen and fell against its US counterpart.
October 09th, 2013 at 9:42
The Australian dollar today rose ahead of tomorrow’s employment data, which is expected to be good, even as the consumer sentiment retreated.
October 08th, 2013 at 13:11
The Australian dollar rallied today despite concerns about the situation in the United States that made the currency drop yesterday. The Aussie profited from improving business confidence.
October 02nd, 2013 at 4:55
The Australian dollar edged down today as surprisingly poor economic data reignited speculations about potential interest rate cut from the central bank as recovery does not look stable enough yet.
October 01st, 2013 at 5:01
The Australian dollar jumped today as domestic fundamentals and the Reserve Bank of Australia policy decision propelled the currency higher, allowing it to overcome the negative impact of risk aversion, created by the US government shutdown.