The Australian dollar tumbled to the lowest level in a month and a half against its US peer and sank versus the euro today as economic news from the South Pacific country was much worse than the market has counted on.
Australia — News Archive
May 28th, 2015 at 13:12
May 20th, 2015 at 11:44
The Australian dollar was rather soft during the Wednesday’s trading session despite positive news from Australia. The currency attempted to rally against the euro but pared most of its gains as of now.
May 19th, 2015 at 12:11
The Australian dollar fell against its US counterpart today after the Reserve Bank of Australia released minutes of its May policy meeting, during witch the central bank has cut interest rates. Yet the drop was not big, and the Aussie actually managed to gain on the euro.
May 15th, 2015 at 10:34
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.
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.
April 23rd, 2015 at 22:39
The Australian dollar fell during the Thursday’s trading session as economic data from both Australia and its biggest trading partner, China, pushed the currency lower. The Aussie managed to erase losses versus the US dollar and the Japanese yen but retained soft performance against the euro.
April 21st, 2015 at 19:37
The Australian dollar dropped today after the release of minutes from the Reserve Bank of Australia, though the decline was rather limited. The Aussie even managed to gain on the Japanese yen.
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 15th, 2015 at 14:49
The Australian dollar fell today after economic data from Australia and China disappointed market participants. As of now, the currency almost erased its drop against the US dollar and trimmed losses versus the Japanese yen.
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.