Australian dollar rose a little today. The currency dropped yesterday as concerns about the future of the European Union reemerged. The domestic fundamental also weren’t supportive for Australia’s currency.
Aussie Drops as RBA Reduces Main Interest Rate
December 06th, 2011 at 15:34
The Australian dollar weakened today after the Reserve Bank of Australia cut its key interest rate as the unfavorable developments in the global economy justified easing of the monetary policy.
US Dollar Slightly Higher After Weak Open
December 06th, 2011 at 14:44
US dollar was softer earlier, thanks to a degree of optimism that had Forex traders looking for higher yields. However, the markets are quite ready for true optimism and the dollar has since strengthened against high beta currencies.
AUD Declines, Still Can End Week with Gains
December 02nd, 2011 at 3:27
The Australian dollar fell today on the speculation that the European leaders will struggle to find an accord regarding measures for dealing with the region’s crisis. Still, the currency is likely to end this week with impressive gains.
Aussie Falls After Yesterday’s Surge
December 01st, 2011 at 2:17
The Australian dollar surged yesterday as most other currencies, but today it relinquished its gains as the domestic fundamentals hurt the prospects of the currency.
Aussie Rallies as Traders Again Favor Risk
November 28th, 2011 at 23:12
The Australian dollar advanced today as risk appetite returned to the Forex market, increasing the attractiveness of the currencies with higher-yield.
US Dollar Falls Back as Risk Appetite Returns on Holiday Shopping
November 28th, 2011 at 15:09
US dollar is heading lower on the Forex market today as risk appetite returns. Last week was all about eurozone weakness and sovereign debt struggles. This week is all about holiday shopping.
Aussie Retreats as Risk Aversion Sets In
November 22nd, 2011 at 15:11
Aussie is retreating after showing some signs of gains earlier. Now, though, Aussie is heading lower as risk aversion sets in. Concerns about sovereign debt in Europe, and the budget issues plaguing the US, are weighing on riskier currencies today.
AUD Higher Today After Yesterday’s Decline
November 17th, 2011 at 6:23
The Australian dollar pared its yesterday’s decline, but the outlook for the currency is still rather pessimistic. The Australian currency extended its yesterday’s fall against the euro.
Aussie Extends Decline on Europe for Third Session
The Australian dollar declined today, falling for the third straight session, as the renewed concerns about Europe’s sovereign debt crisis sapped investors’ demand for higher-yield.