Australia — News Archive

Australian & Chinese Economic Data Negative for Aussie

The Australian dollar declined against the Japanese yen and erased the previous rally versus its US peer as economic data from Australia was not particularly good. The manufacturing report from China added to the bearish momentum.

Aussie Ends Amazing Week & Month

The Australian dollar demonstrated an amazing performance this week, rising against other most-traded currencies. The Aussie currency together with the New Zealand dollar were the best-performing currencies among majors this month.

US Dollar Trades Mixed Against Other Currencies

Even though the dollar index is higher today, the greenback is trading mixed against its major counterparts. Interest in risk has some money flowing out of the dollar, while there are some currencies that are floundering in general.

Australian Dollar Surges on Stevens’ Comments

The Australian dollar surged today after comments of central bank chief Glenn Stevens bolstered optimism for Australia’s economy. The Aussie reached the highest level this year against major currencies, including the US dollar, the euro and the Japanese yen.

Aussie Resilient in Face of Poor Chinese Manufacturing PMI

The Australian dollar slipped at the start of the current trading session but rebounded and trades above the opening level as of now. The decline was caused by the worse than expected China’s manufacturing data released over the weekend.

Aussie Rallies with Asian Stocks

The Australian dollar climbed today even as a report showed that growth of leading indicators eased in January. The likely reason for the rally was the gains of Asian stocks.

Aussies Slides After RBA Minutes

The Australian dollar declined today after the Reserve Bank of Australia released minutes of its latest monetary policy meeting. The central bank plans to keep interest rates stable for some time, yet at the same time thinks that the currency is too strong and should depreciate to help economic growth.

Aussie Jumps as Westpac Drops Interest Rate Cut Forecast

The Australian dollar jumped today as Westpac Banking Corp. said that it no longer expects an interest rate cut from the Reserve Bank of Australia. Such comments boosted the currency even though there are analysts who still expect lower borrowing costs in the South Pacific country.

RBNZ Makes Week Stellar for New Zealand Dollar

The past week was very friendly to the New Zealand dollar as the nation’s central bank performed the long-awaited interest rate hike, making it clear that the New Zealand economy experiences strong growth and increasing the attractiveness of the currency to investors, particularly to carry traders who profit from difference of interest rates in various countries.

Goldman Sachs Forecasts Decline of Aussie

The Australian dollar trimmed yesterday’s gains versus the US dollar and reversed the rally versus the Japanese yen today as the negative market sentiment hurt growth-related currencies, while the Goldman Sachs forecast added to the woes of the Aussie.



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