Aussie — News Archive

Aussie Falls on RBA, China Concerns

Australian dollar is struggling today, falling after the Reserve Bank of Australia voted to remain in a holding pattern on interest rates. Additionally, Aussie is finding it difficult to overcome the issues related to slowing Chinese growth.

Risk Aversion Weighs on Australian Dollar

Aussie is heading lower right now, thanks in large part to uncertainty and risk aversion. Lower stocks and commodity losses earlier are contributing to a lower Australian dollar right now.

Aussie Regains Some Lost Ground After Earlier Plunge

Aussie is regaining some of the ground lost earlier after the announcement that the US Federal Reserve plans to raise rates before the end of the year. Commodity currencies were under pressure toward the end of the day yesterday, and the Australian dollar felt some of that.

Aussie Pulls Back After Earlier Gains

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 Struggles After Rate Cut, Employment Data

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.

Aussie Gains Ground After US Data Release

Aussie is gaining ground today, but it’s not as much about strength Down Under as it is about weakness in the United States.

Chinese Stimulus Helps Australian Dollar

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.

Aussie Pulls Back After Chinese Data

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.

Aussie Mostly Lower as Gold Prices Drop

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.

Aussie Falls Back After Earlier Leap

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.




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