The Australian dollar gained against most of its major peers this week, posting the strongest rally in six months. The currency gained for the fourth straight week against the euro and the New Zealand dollar.
Good Employment Makes Australian Dollar Stronger
March 14th, 2013 at 9:39
The Australian dollar climbed today after the employment data came out much better than was predicted by analysts, reducing bets on an interest rate cut by the central bank.
AUD/USD Rises Despite Falling Business Confidence, AUD/JPY Retreats
March 12th, 2013 at 12:22
The Australian dollar gained against its US counterpart today even as business confidence edged down last month. At the same time, the trimmed its gains versus the Japanese yen.
Aussie Weakened by Chinese Industrial Production, Losses Limited
March 11th, 2013 at 13:30
The Australian dollar fell against its US counterpart as China’s industrial production demonstrated the slowest start of a year since 2009. The Aussie almost erased its gains versus the greenback as of now and advanced against the Japanese yen.
AUD/USD Falls on Chinese Trade Balance, AUD/JPY Extends Rally
March 08th, 2013 at 15:28
The Australian dollar fell against its US counterpart today after the Chinese trade balance demonstrated an unexpected surplus. The currency extended its rally versus the Japanese yen.
AUD Rallies Even as Trade Gap Unexpectedly Widens
March 07th, 2013 at 13:08
The Australian dollar managed to rise today even after the data showed that the trade balance deficit widened, surprising traders who have expected it to decline.
Growing Australian Economy Makes AUD More Appealing
March 06th, 2013 at 12:02
Australia’s economy demonstrated stable growth last quarter and this increased the appeal of the nation’s currency. It is not a surprise that the Australian dollar rose today, considering the positive domestic data.
Retail Sales & RBA Monetary Decision Boost Australian Dollar
March 05th, 2013 at 12:29
The Australian dollar rallied today as retail sales beat expectations in January and the Reserve Bank of Australia left interest rates unchanged. The currency gave away some of its initial gains and erased the rally versus the yen completely.
Australian Dollar Suffers Both from Domestic & Overseas Reports
March 04th, 2013 at 16:24
The Australian dollar weakened today after a report showed that building approvals unexpectedly fell in January. Macroeconomic data from China was also not supportive for the currency.
Aussie Reverses Losses on Speculations RBA Will Hold Rates
March 01st, 2013 at 4:38
The Australian dollar gained today on speculations that the Australian central bank will pause interest rate cuts to gauge the impact of the accommodative monetary policy on the economy. Earlier, the currency was falling amid negative reports from China.
