The Australian dollar slipped today as domestic fundamentals were not particularly supportive for the currency. The Aussie managed to pare losses and is trading near the opening level right now.
Australia — News Archive
The Australian dollar was demonstrating weakness lately, though it was able to pare losses against the US dollar and the Japanese yen by the end of the last week. Does this mean that the currency is ready to reverse the downtrend? Not necessarily.
The Australian dollar edged down today, following yesterday’s slump, after a report showed that the nation’s trade balance deficit was much bigger than analysts have anticipated. Losses were relatively small.
December 04th, 2013 at 13:44
The Australian dollar dropped today as nation’s economic growth slowed last quarter, being below analysts’ estimates. This led to concerns about potential interest rate cut from the Australian central bank.
December 03rd, 2013 at 10:42
The Australian dollar fell today after the Reserve Bank of Australia held its monetary policy meeting, but managed to rebound later and now trades near the opening level against the Japanese yen and above the opening versus the US dollar.
The Australian and New Zealand currencies rose today as expansion of China’s manufacturing sector beat forecasts, resulting in risk appetite and demand for growth-related currencies. The currencies lost some of their gains by now.
November 26th, 2013 at 10:45
The Australian dollar was rising at the start of today’s trading session, but the rally failed and the currency is trading below the opening level right now.
November 25th, 2013 at 18:05
The Australian dollar was flat against its US peer and rose versus the Japanese yen. The general positive market sentiment helped the currency to battle negative domestic fundamentals.
November 22nd, 2013 at 15:02
The Australian dollar slid today on the treat of an intervention from the central bank. Policy makers think that the Aussie remains too strong despite the recent drop.
November 20th, 2013 at 13:25
The Australian dollar followed its New Zealand counterpart in decline today. Data from Australia was good, but it looks like the South Pacific currencies are determined to fall no matter what.