AUD/NZD — News Archive

Aussie Rangebound Today in Thin Trading

Aussie is trading rangebound today, for the most part, with low volumes. Right now, Aussie is seeing some support from an improvement in gold prices, but other uncertainties have currencies floundering, looking for direction.

Weekly Gains of Aussie on Good US Economy

The Australian dollar rallied this week as optimism returned to the Forex market on the positive signs from the United States. The flow of bad news from Europe paused for a time, easing concerns about the sovereign debt crisis.

New Zealand Dollar Falls on S&P and Fitch Downgrades

The New Zealand dollar fell today, reaching the lowest level vs. the US currency in almost 6 months, following the sovereign credit rating downgrades performed by Standard & Poor’s and Fitch Ratings agencies.

AUD Down on Economic Outlook Revision

Despite today’s recovery against the US dollar, the Australian dollar continued its decline against the other currencies, following a release of the economic outlook by the country’s central bank.

AUD Surges Against Everything on Higher Inflation Numbers

The Australian dollar went up against all other major currencies today, as the consumer inflation reports showed higher values than the traders have expected, hinting more hawkish interest rate policy.

New Zealand Dollar Rises, Signaling Carry Trade Return

The New Zealand dollar reached a new a new 3-year high against the greenback today and appreciated against the Japanese yen, showing that the carry trade tendencies are growing stronger now.

Aussie Ran Away to Upside, Doesn’t Want to Come Back

Analysts expected a correction of the Australian dollar after the impressive rally a week ago. Instead, the Aussie was climbing to new records against the US dollar almost every day.

New Zealand Dollar Reaches 18-Year Low vs. Australian Currency

The New Zealand dollar reached today the lowest level since 1992 against its Australian counterpart as the stocks declined and New Zealand Prime Minister upheld his previous opinion about the necessity of an interest rates cut. The currency advanced versus the US dollar.

Australian Dollar Beats Other Currencies This Week

The Australian dollar rallied against all other most-traded currencies this week without any noticeable opposition as the economic recovery boosted commodity prices and caused Australia’s central bank to revise its growth forecast upwardly.

NZD Benefits from Recovering Economy

The New Zealand dollar rose slightly against its US counterpart as the New Zealand economy slowly recovers from its previous recession. The currency slipped against its Australian counterpart.

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