The Australian dollar opened sharply lower today compared to the Friday’s close as China’s trade data, which was released over the weekend, showed an unexpected trade deficit, reinvigorating fears about slowdown of China’s economic growth. As of now, the currency trades flat against the US dollar and bounced versus the Japanese yen.
Australia — News Archive
March 06th, 2014 at 12:16
Macroeconomic indicators continue to suggest that Australia’s economy experiences stable growth. This led to gains of the Australian dollar. Hopes for improvement of the global economy helped the currency too.
March 05th, 2014 at 16:21
The Australian dollar advanced today as nation’s economic growth accelerated, exceeding analysts’ expectations. It supported the outlook that the Australian economy will be able to grow without additional stimulus.
March 04th, 2014 at 8:16
The Australian dollar was rising yesterday, but slowed its rally against the US dollar and the euro after Australia’s central bank left the cash rate at the record low and said that the exchange rate is still high. The Aussie continued to rise against the Japanese yen.
February 27th, 2014 at 6:05
The Australian dollar extended its drop to the third consecutive session today as capital spending fell more than was expected, hurting the traders’ sentiment that was already sour due to concerns about signs of economic slowdown in China.
February 26th, 2014 at 14:41
Australian dollar is vulnerable right now, and heading lower against its major counterparts. Worries about the economic situation in China, as well as concerns about commodities, are weighing on the Aussie today.
February 19th, 2014 at 13:13
The Australian dollar traded mostly flat today as economic indicators were confusing, creating no clear picture of Australia’s economic health. The currency started the trading session with a sharp drop, but managed to rebound against the US dollar and the euro later.
February 18th, 2014 at 16:58
The Reserve Bank of Australia released the minutes of its latest policy meeting today. The Australian dollar rose against the Japanese yen after the release, but was flat against its US peer.
February 14th, 2014 at 19:18
The Australian dollar resumed its rally, following yesterday’s drop, as accelerating inflation in China improved prospects for exports from the South Pacific nation and lifted the traders’ sentiment.
February 13th, 2014 at 13:43
The Australian dollar sank today as employment data was much worse than optimistic analysts’ expectations, leading to speculations that the currency has exhausted its rally and is going to reverse the uptrend.