Aussie — News Archive

Aussie Gains Ground on Business Investment Data

The Australian dollar is moving higher today, gaining almost across the board on the latest business investment data. The idea that, perhaps, the Australian economy doesn’t need to rely so heavily on China is helping boost sentiment toward the Aussie right now.

Aussie Falls on Concerns About China

Australian dollar is vulnerable right now, and heading lower against its major counterparts. Worries about the economic situation in China, as well as concerns about commodities, are weighing on the Aussie today.

Aussie Pulls Back After Earlier Gains

Aussie jumped higher after the announcement that the Federal Reserve would not start tapering its asset purchases this month. However, after its earlier performance, the Australian dollar has eased back, and is now heading lower against its major counterparts.

Aussie Drops on Possibility of a Rate Cut

Easing is an official part of Australian monetary policy right now, and that is causing a drop for the Aussie. The Australian dollar is losing ground against its major counterparts as RBA officials reiterate a position friendly to further easing.

Aussie Gets Boost from Consumer Sentiment

Aussie is getting a bit of a boost today, thanks to improvement in consumer sentiment. Australian dollar is gaining against the US dollar as questions about what’s next for the US dollar continue, and as the situation shows improvement Down Under.

Aussie Struggles Following Chinese Data

Aussie is struggling a little bit right now, thanks in large part to the latest Chinese data. With one of Australia’s major trading partners struggling, the Down Under currency is finding it difficult to gain the upper hand against some of its counterparts.

Aussie Recovers to Some Degree after Leadership Spill Request

Aussie dropped earlier in trading as ALP Labor veteran Simon Crean called for a leadership spill. The Australian dollar dropped as political uncertainty reigned in Australia. Concerns about Julia Gillard’s stint as Prime Minister weighed on the Australian dollar, but the Aussie seems to be coming out of it a bit right now, with Gillard’s leadership confirmed.

Aussie Drops as Gold Prices and Other Commodities Fall

Aussie is dropping today as risk appetite fades away, and as commodity prices fall. After seeing some strength for a while, the Australian dollar is finally dropping, to the relief of some policymakers Down Under.

Aussie Pulls Back on Chinese Comments

Australian dollar is heading lower against the US dollar today, due in large parts to comments made by Chinese Premier Wen Jiabao. Additionally, general risk aversion is setting in as concerns about the eurozone and US earnings news look to be lackluster.

Aussie Sees Some Improvement

After an interesting weekend, the Aussie is seeing some improvement today as the Down Under currency is seen as a safer bet than European currencies right now. After the elections in France and Greece, many are wondering what’s next for the eurozone, and that is giving the Australian dollar a bit of a boost today.

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