The Australian dollar dropped today, pulled down by building approvals data that was much worse than has been expected. The currency also weakened as the market environment was not favorable to risky currencies after yesterday’s news from the United States.
Australia — News Archive
July 30th, 2014 at 9:44
The Australian dollar fell against its US peer and slipped a bit against the euro, weighed down by the US monetary policy outlook as well as by forecasts of positive macroeconomic reports from the United States.
July 26th, 2014 at 19:26
The Australian dollar was among the best performers on the Forex market this week despite the risk-negative sentiment. Both domestic and overseas news contributed to the currency’s strength.
July 23rd, 2014 at 2:14
The Australian dollar demonstrated a huge jump today immediately after inflation data was released in Australia. The report was in line with market expectations, suggesting that the Australian central bank will keep monetary policy stable, refraining from an interest rate cut.
July 21st, 2014 at 17:47
The Australian dollar started the week falling due to concerns about economic slowdown in China as well as because of the general risk-aversion sentiment on the Forex market, which persisted since the last week.
July 10th, 2014 at 10:38
Australian employment demonstrated better-than-expected growth last month, and it bolstered the Australian dollar at first. Yet not everything in the report was good, and Forex market participants turned their attention to the bad parts of the data subsequently, making the currency sink afterwards.
July 09th, 2014 at 12:12
The Australian dollar ticked up versus the Japanese yen today, trading sideways against its US counterpart at the same time. Signs of improving consumer confidence helped the Aussie, yet the currency was subdued by the news from China.
July 08th, 2014 at 13:27
The Australian dollar gained today as the Australian business confidence improved last month, albeit not much. The currency was also supported by hopes for strong employment growth.
The Australian dollar halted its two-day drop today but has hard time carving out gains as domestic fundamentals are still dragging the currency down. The Aussie was heading to a weekly loss versus its US counterpart.
July 03rd, 2014 at 5:17
The Australian dollar dropped today, extending its decline for the second session, as economic data and comments of central bank’s chief made Forex traders concerned about the currency’s ability to sustain its recent gains.