Australian dollar is paring some of its earlier gains right now, which should be a relief to the Reserve Bank of Australia, which has been trying to encourage a weaker Aussie for the sake of economic stimulus.
Aussie — News Archive
May 07th, 2015 at 11:21
After moving above the US80¢ earlier, the Australian dollar is struggling. Thanks to disappointing employment data and a rate cut earlier this week, the Aussie is feeling a little weak against some of its counterparts.
April 28th, 2015 at 11:44
Aussie is gaining ground today, but it’s not as much about strength Down Under as it is about weakness in the United States.
The Australian dollar is getting some help today, thanks to stimulus out of China. With China as a major trading partner to Australia, it’s no wonder that the Aussie gets a boost when economic stimulus is on the table.
April 13th, 2015 at 11:33
Australian dollar is heading lower today, thanks mainly to disappointing Chinese data. With Chinese data down, and concerns about the Australian economy, there is speculation that the RBA will have to consider cutting rates again.
March 27th, 2015 at 11:26
Australian dollar is mostly lower today, falling against its major counterparts, as risk appetite flees and gold prices drop. Aussie isn’t expected to improve much in the coming weeks, either. There is a lot weighing on the Aussie right now.
March 19th, 2015 at 11:00
The Australian dollar leaped higher earlier on the news that the Federal Reserve was revising its economic forecast. Now, after a jump, the Aussie is down against the dollar and the pound, although it is still higher against the euro.
February 03rd, 2015 at 11:23
Australian dollar is heading much lower today, dropping across the board following a rate cut from the Reserve Bank of Australia. Concerns about economic growth are weighing on policymakers, and they feel that this is the best move they can make to help spur the economy forward.
November 17th, 2014 at 11:30
It’s been a choppy morning of trading so far, thanks in large part to the surprise data that shows Japan is in recession. The move has certainly impacted the Australian dollar, leading to wild swings in earlier trading. Now, though, the Aussie has settled down a little bit and is moving lower against most of its major counterparts.
May 29th, 2014 at 14:31
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.