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 04th, 2014 at 5:17
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.
May 22nd, 2014 at 11:57
The Australian dollar dipped against its US counterpart today even as fundamental reports from China and Australia itself were good and should have been supportive for the currency. At the same time, the Aussie was attempting to rally versus the Japanese yen but lost almost all of its gains by now.
May 20th, 2014 at 11:33
The Australian dollar dropped today, touching the lowest level since March against the Japanese yen, after the Reserve Bank of Australian released minutes of its latest policy meeting. While the minutes mentioned some positive developments, there were enough dovish comments to drive traders away from the Australian currency.
May 13th, 2014 at 5:28
The Australian dollar did not move far in either direction today amid conflicting fundamentals. The currency has an upward bias against the Japanese yen and slightly downward bias versus the US dollar and the euro.
May 08th, 2014 at 21:16
The Australian dollar maintained its bullishness, rallying today following yesterday small drop, as employment data was very good, supporting the view that the nation’s economy can keep expanding without additional measures from the central bank.
May 06th, 2014 at 17:16
The Australian dollar jumped today after the Reserve Bank of Australia conducted its monetary policy meeting and released rather positive statement afterwards. The worse-than-expected trade balance did not hurt the performance of the Aussie to any noticeable degree.