February 07th, 2012 at 16:39
The Australian dollar climbed today, erasing yesterday’s losses versus the US dollar and the Japanese yen and reaching the highest level in six months against the greenback, after the Reserve Bank of Australia surprised Forex traders by keeping its interest rates unchanged.
February 07th, 2012 at 15:20
Aussie is finding support in forex trading today as Forex traders scramble to make up for the fact that they had priced in a 0.25% cut to the interest rate. Instead of cutting, though, the Reserve Bank of Australia kept rates steady at 4.25%. The central bank considers the economic progress Down Under to be sufficient to allow for yields to remain higher.
The US dollar had a mixed week as there was plenty of negative data from the United States, yet there also were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies.
February 02nd, 2012 at 6:31
The Australian dollar reached the highest level in five months against its US counterpart as fundamental data was positive all around the world, leading to a rally of stocks.
January 26th, 2012 at 14:34
Australian dollar is gaining almost across the board today as risk appetite returns the Forex market. Some are interested in the idea that the news Federal Reserve won’t raise interest rates until 2014, and others assume that the Fed will increase bond purchases in the hopes that it can further stimulate the US economy, especially the labor market. Also helping the Aussie: News that Russia will start using [...]
January 25th, 2012 at 5:04
The Australian dollar strengthened today even after a report showed that nation’s consumer price inflation stalled in the fourth quarter of 2011. The currency reached a record high since November against the yen as Japan’s trade deficit widened.
January 23rd, 2012 at 12:42
The Australian dollar jumped today to the highest level in more than two months after the report showed that the Australian Producer Price Index advanced in the last quarter of 2011.
January 21st, 2012 at 13:21
The Australian dollar gained against the US dollar and the Japanese yen this week after several weeks of losses. The Aussie ended flat against the euro after a long stretch of weekly gains.
The Australian dollar dropped today after the report showed an unexpected decline of employment, making traders speculate about a possible interest rate cut by the Australian central bank.
January 18th, 2012 at 3:09
The Australian dollar climbed as today’s report showed that confidence of Australian consumers rose and tomorrow’s data about employment is expect to demonstrate an improvement. The euro managed to outperform the currency of Australia.
