The Australian dollar fell today with despite news from China that was supportive for the currency. Domestic fundamentals were not in favor of the Aussie and it is likely that poor economic data played a part in the currency’s decline.
Australia — News Archive
September 16th, 2014 at 4:07
The Australian dollar advanced today, rising for the second trading session, after the release of central bank’s policy minutes. The currency managed to bounce to Friday’s closing level against the US dollar and the euro after opening sharply lower on Monday but struggled to rise against the Japanese yen.
September 15th, 2014 at 9:47
The Australian dollar opened sharply lower today due to worse-than-expected economic data from China released over the weekend. While the currency bounced from daily lows, it is still far below the Friday’s closing rate.
September 13th, 2014 at 2:40
The Australian dollar experienced a terrible week, falling for four days in a row against the Japanese yen and for every single day of the week against its US and New Zealand counterparts as well as the euro. Even Thursday’s positive employment data was not able to provide support for the currency.
September 10th, 2014 at 11:54
The Australian dollar declined today, falling for a third consecutive session versus its US peer, after the release of the Westpac — Melbourne Institute Survey of Consumer Sentiment that demonstrated decline of consumer confidence in Australia.
September 09th, 2014 at 2:30
The Australian dollar maintained its downward bias at the Asian session today after economic data showed that the business confidence fell a bit and the number of home loans grew less than was expected by economists.
September 08th, 2014 at 17:31
The Australian dollar slumped against its US counterpart and weakened against the euro even as both domestic and overseas economic news were positive for the currency, which was demonstrating remarkable strength last week.
September 02nd, 2014 at 5:21
The Australian dollar fell against its US peer and the euro ahead of the monetary policy announcement of the Reserve Bank of Australia and maintained losses afterwards. The currency rallied to the highest level in a year and a half versus the Japanese yen but retreated as of now.
August 29th, 2014 at 15:32
The Australian dollar fell against its US peer as Australia’s private sector credit trailed analysts’ forecast. The losses were limited though, and the currency even managed to rise a little against the Japanese yen.
August 28th, 2014 at 5:01
The Australian dollar jumped against its US counterpart after data showed that private investment increased last quarter unexpectedly. The Aussie’s gains against the euro and the Japanese yen were smaller, but the Aussie dollar still reached the highest level this year against those currencies.